Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-11-17
RULES AND REGULATIONS
OF THE BOARD OF TRADE.

THE BOARD OF TRADE OF THE CITY OF BALTIMORE.
ARTICLE 1st.-The officers of this 90 Board of
Trade" shall consist of President, four Wee Presi-
dents, twenty-four Directors, Secretary and
Treasurer, who shall in the first instance be chosen
by ballot, and annually thereafter by ballot at the
annual meeting for year. And the Secretary
shall be remuneratcd for his services by such salary
may be fixed by the President and Directors an
nually.
Article 2nl.-This Association shall hold
nual and special meetings. The annual meeting
shall be held ON the first Monday in October of every
wear, and special meetings may be called by order
of the President one of the Vice Presidents when
occasion may require, OF which the Secretary shall
give public notice.
Article 3d.-The Board of Directors shall meet
stately, on the first Monday of every month, for
the transaction of such business may come before
them; and at the stated meeting in October, shall
lay before the Association report OF the proceedings
of the past year.
ARTicLE Ith.-The President, or one of the Vice
Presidents and eight directors shall be quorum for
the transaction OF business, and in the absence OF the
President, and all the Wee Presidents, they shall
have power to appoint President for the time
being.
Article 5th-The said officers shall appoint
standing monthly Committee consisting OF five mem
bers of the Association, which shall be styled the
Committee of Arbitration QwO of whom shall be
rejected by the litigants)
ARTICLE 6th,-'rhe duties of the Committee of
Arbitration shall be to arbtrate and decide all dis
puted accounts and contracts and all controversies
of a mercantile character, which may be brought be-
fore them by the members; the parties having pre-
viousv signed a Penalty Bond, for such an amount
the committee may require, to abide by the decI-
sion OF the same.
ARrlcLE 7th.-The Committee of Arbitration
shall render their awards in writing to the parties III
controversy, through the Secretary Of the Board,
within week after their decision shall have been
made
ARTICLE Sth.-The fees of the Committee of Ar
bration shall not be less than $780, nor more than
s250O the amount to be left discretionary with the
committee, and to be paid to the Treasurer for the
use OF the Board.
ARTICLE 9th-Anv members desiring the services
of said committee shall notify the Secretary, in
writing, and state the character Of the case for in
vestigaton.
AEmclE lOth.-Whencvcr report of a case
which has been investigated by said committee is to
be sent abroad it shall be signed by the committee,
attestcd by the President OF the Vice Presi-
dents.
ARTICLE 11th-No member of the Association
who is cugnisant OF any fact or facts IN case before
the Committee of Arbitration shall refuse to give
testimony before said committee, if notified in writ
ing by the Secretary, Of the time and place, when
and where hi, evidence may be required, upon pain
OF expulsion from the Association, without salts
factory excuse, for such refusal.
curate record of the transactions OF the Board Of Di
rectors at their monthly meetings, and Of the annual
meetings Of the members attend the sittlngs OF the
Committee OF Arbitration, record their decisions,
give notice to said Committee when their services
required render copy OF their verdicts to the
parties in the case collect the fees Of abration ana
all other monies due the Board, aud pay the same
to the Treasurer read the minutes OF the last
previous meeting at the monthly meetings OF the
Directors and annual meetings OF the members, and
report the proceedings OF the Committee OF Arbitra
ton at each meeting Of the Board OF Directors.
ARTICLE I3th.-The Treasurer shall receive from
the Secretary all monies belonging to the Board,
shall dSburse the same when approved of by the
President, Of the Vice Presidents, and shall
report the receipts, expenditures, &c, each month
ly meeting Of the Board, and annual meeting OF the
Association.
Article l4th-The funds of the Association
shall always be subject to the control of the Board
Of Directors, but they shall have no power author
itv to enter into any contract binding the mem
bers Of the Asocaton beyond the funds in the hands
Of the Treasurer
ARTICLE 1jth.-Any individuals, or firms, Uesi
dents of Baltimore,) may become members of this
associations the payment Of three dollars per
mum, payable in advance, which shall become due
on the first Monday in October, said firms to have
but one vote, and any neglect refusal to pay said
contribution for one year, shall be considered a
withdrawal from the Association, and the name Of
the party shall be striker from the same.
ARTICLE 16th-The Board of Directors shall
have power to make such bylaws as they may deem
necessary; to fill any vacancy occurring among the
officers; and to alter amend these Rules and RegI-
ations provided majority of three-fourths OF all
the members of the is obtained in favor of said
alteration, at extra meeting to be called for the
purpose, by order of the President, of which the
Secretary shall give each member Of the Board no.
tice.