The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1862-03-19
Board Of Trade.

Board Of Trade.
At an adjourned meeting Of business
men Of McGregor, to hear report of com.
mittec, for the purpose Of organizing Nc
Gregor Board of Tra1c, and drawing up a
constitution for management Of business
Of said board, the chairman and secretary
If the former meeting being absent, on mo-
ton Of c. A. Southmayd, Esq, E. Brad
ley, Esq, was called to preside, and j. F.
Bassett was appointed secretary.
The report Of the committee being called
for, VIM. I. Glchrist, ESQ, chairman of
said committee, after some preliminary re.
marks in regard to the inability of the
committee to draft such constitution as
they would desire, on account Of there be.
ing no law in this state under which such
an organization could procure charter,
submitted the following constitution:
We whose names are hcrcunto annexed,
do hereby form ourselves into an assucia.
ton, to lie called the BOARD OF TRADE OF
THE CITY OF McGREGoR, and do hereby
adopt the following constitution:
ARTICLE /.
The objects Of this association shall be
to promote just and equitable principles of
trade between buyers and sellers, to dis
cover and correct abuses, and to support
such regulations and measures as may ad-
vance the mercantile and commercial in
tcr7sts Of the community.
ARTICLE 2.
The general management Of this associ-
alton shall be vested in President, Vice
President, (who shall ex ol1icio he members
u the board Of dircctorS) Secretary, and
Treasurer, and seven directors, all Of whom
shall be elected by ballot on the first Nom
day Of April, after the present year, or un-
til their successors shall be chosen.
ARTICLE 3.
There shall be chosen by ballot at the
annual and semi-annual meetings, a stand.
ing committee consisting of five members,
which shall be styled committee IF refer.
ence and vigilance, to serve for six months,
or until others are elected, whose duty it
shall be to examine into all cases Of fraud
ulent weighing Of grain or other produce,
and all deception in the quality Of grain or
produce sold by sample, and all other mat
ters Of dispute duly submitted to them,
three Of whom shall constitute \ quorum,
and the decision Of the majority present
shall be final as to the cause OF action on
the part Of the association, which shall be
noted in book kept by the Secretary for
that purpose, as record Of their proceed
ings No member of said committee in
terestsd in cases before it, shall act while
such cases are pending. Such committee
shall administ1 oaths, and examine wit
nesses, who shall voluntarily come before
them, relative to the matter submitted to
. En ,,,I. h. L.. 81.
ARTICLE A.
1t shall be the duty of the board of d.
rectors to inquire into, and report to the
association such rul's and regulations as
may be deemed advisable to adopt and cs-
tablish, to confer with railroads and other
lines Of transportation in regard to freights,
and also to report upon measures affecting
the mercantile and commercial commuail,;
matters of dispute or disagree.
nent of opinions, where members OF the
association are parties, on being requested
to do so, aud to look after the general in
terests Of the association. Five Of the d.
rectors shall constitute q quorum for the
of business. 1t shall be the
duty of the board Of directors to procure a
suitable room for the meeting of the men,
bers, which shall be kept open during the
time required by the association; for read
ing dispatches and the general transaction
Of business. They shall examine charges
Of misconduct in business matters, prefer.
red against any member Of the association,
when made to the President or Secretary
IN writing, by member Of the association,
md If the party charged shall b.. found
guilty Of violation Of the rules. Of a
breach Of contract, offalse or fictitious
weights, or :ny other act contrary to the
spirit which should guide co,nnerc,al trans
'ctions, they shall report tn. same to the a..
either at the regular meeting, or
It special meeting, and the member shall
be expelled, IL SO determined by a majority
Df the members present, the members not
being less than Il INA nrity Of the members
II the association. No member, however,
shall be expelled without having an oppor.
unity Of being heard in his defence, aid
my member having been expelled, shall b.
Ineligible to membership, until the aSSoci.
ltion see proper to remove his disability.
All votes on expulsion Of members shall
De by ballot. Upon the final expulsion of
! member, notice thereof shall he commu-
heated to him by the S, c:ctary, who shall
llso crase. his name from the list of mem.
>erS.
ARTICLE B.
Semi annual meetings shall he he held on
he first MW.day Of April, pnl LIST Monday
If October, Of each and every year. and
notice Of sucl, meeting by publication in
me or more OF the newspapers Of McGro.
,or, shall be given not less than three days
previous thereto.
ARTICLE 6.
Special or other meetings may be called
" the President, or by the Vice President
nd two of the directors, or at the written
equest Of any five members of the assoc.
tion, public notice being given during any
Meeting Of the association, or by publira
ion of the same as in article 5 and it shall
&c the duty Of the presiding officer to call
UGH meeting when so requested.
ARTICLE Z.
Amendments may be made to this con.
titutior, or to the bye laws governing the
BUSINESS Of this association, by vote If
80 thirds Of the members of the a.socia
ion, at any regular or special meeting duly |
allied provided. that any and nil such
and alterations to the consti !
ltio: and BYLAWS shall have been first ap- |
roved by majority Of the board Of di
.ctors, ut a meeting Of said directors. and
hall have been posted in the room used
n the meetings Of the association. for at
cast one week previous to such meeting Of
h. association.
ARTICLE 8.
Each member on joinins this association
hall sign the constitution, and pay to the
rcasurcr sum not less than three dollars
S an admission fee, which shall be in full
Or dues until the next semi annual meet.
ng, and three dollars at each semi-annual
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