East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1863-04-02
AN ACT.
For the Incorporation Of Boards Of Trade, and
Chambers Of Commerce


persons not less that twenty, residing in
any town or city, may associate them
selves together as board of trade, and
assemble at any time and place upon
which majority of the members SO as.
sociating themselves together may agree,
and elect President, one or more Vice
Presidents, and such other officers as
may be determined upon, adopt a name,
constitution and by laws, such as they
may agree upon, and shall thereupon
become body corporate and polite in
fact and in name, by the name, style or
title which they have adopted, and by
that name shall have succession, shall
implead and be implicated, snsw er and
be answered, defend and be defended,
in ali courts of law and equity whatever,
aud they and their SUCCESSORS shall have
common seal and may alter and change
the same at any time at their discretion.
SEC. 2. Said corporation shall have
the right to admit as members, such
persons as they may see fit, and expel
any member or person they may see fit;
and in all cases majority of the mem.
bers present at any stated meeting shall
have the right to pass, and also the light
to repeal any bylaw of said corporation;
and IN all cases the constitution and by.
laws adopted by such corporation shall
be binding upon and control the same
until altered, changed or abrogated, in
the manner that may be prescribed in
said constitution.
Sec. 8. Said corporation, by the
name and style which shall be adopted,
may receive and hold property and eff
fects, real and personal, by gift, devise,
or purchase, and dispose of the same by
sale, lease or otherwise, said property
so held not to exceed at any time the
sum of one hundred thousand dollars
SEC. A. The time and manner of hold
ing elections and making appointments
OF such officers as are not elected, shall
be established 10y the constitution or
bylaws of such corporation The Pres
ident and Vice Presidents shall be sx-
O6fctO members of the board of directors
and together with the directors elected,
shall manage the business of said cor
poratlon.
Sec. 5 Said corporation may consti.
tute and appoint committees of reference
and arbitrutons, and committees of APP
peals, who shall be governed by such
rules and regulations as may be pre-
scribed in rules or bylaws tor the set.
Element of such matters of difference az
may be voluntarily submitted for arbi
tration by members of such association,
or 10y other persons not members there.
of; the acting chairman of either of said
committees, when sitting as arbitratorS,
may administer oa;hs to the parties and
witnesses, and issue subpGnas and at
tachments, compelling the attendance
of witnesses, the same as justices of the
peace, and in like manner direct to any
constable To execute.
SEC. 6. When any submission shall
have been made in writing, and final
award shall have been rendered, and no
appeal taken within the time fixed 10y
the rules or by laws, then ON filing such
awards and submission with the clerS
of the Circuit Court, an execution may
issue upon such award, as if it were
judgment rendered in the Circuit Court,
and such award shall thenceforth have
the lorce and effect of such Judgment,
and shall be entered upon tho judgment
docket of said court.
SEC. Z. 1t 81 all be lawful for such
corporation, when they shall think
proper, to receive and require of, and
81 oil hat .,- IL.
appointed, good and sufficient bonds
for the faithful discharge of their duties
and trusts; and the President, Vice
Presidents or Secretary, is hereby au-
thorized TO administer such oalhs Of
Office as may be prescribed in tho by.
laws of such corporation; said bond
shall DO made payable and conditioned
as prescribed by the bylaws of such
corporation; and may be sued, and the
moneys collected aud held for the use of
the party injured, or such other use as
may DO doterminedupon by said corpo
ration.
SEC. 8. Said corporation shall have
power to appoint one or more persons,
as they may see fit, to examine, weigh,
measure, gauge, or inspect -four. grain,
provisions, liquors, lumber, or any other
article of produce or traffic commonly
dealt in by the members of said corpor.
alton; aud the certificate Of such person
or inspector, as to the quality or guam
tity of such article, or their brand, or
mark upon it, or upon any package con
tanning such article. shall be evidence
between buyer AID seller, If the guam.
tity, grade or quality of the same, and
shall be binding upon the members of
said corporation, or others Interested,
and requiring or assenting to the en-
ployment of such wcighers, measurers,
gaugors, or inspectors; nothing herein
contained however, shall compel the
employment by any one, of such APP
pointee.
SEc. 6. Said corporation may inflict
fines upon any of its members, and col
lect the same, for breach of its rules,
regulations or bylaws but no fine shall
exceed five dollars; such fines may be
collected by action of debt, before
justice of the peace, in the name of such
corporation,
Sec. 10. Such corporations shall have
no power to do or carry on any bust
uaas ax,aYtinY au,.h A., usual in tha