Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-13
CLEVELAND KTENING sTOOK
EKGHkNGE.
HuI.s Aaoplea at q. 70. sssslo...

RuIts Adopted at It's Last Session.
D cz- - -. 70 > l-as-- SO
The members of the. Stock Exchange met
Last evening pursuant to adjournment, TO
complete their organisation. After the
reading of the minutes, the report Of the
Committee on Rules and Regulations was
presented, and adopted in the following
form:
We the undersigned, having formed our
selves into an Association, to be known as
tho Cleveland Stock Exchange, agree to
conform TO the following articles and regu-
lations.
I. The officers of the Board shall consist
of President, Vice President, g Secre-
tary and Treasurer, who shall be elected,
hereafter, semiyannually, by ballot, on the
first Tuesday of July and January, and a
Committee of Reference, to be appointed
by the President ss stated hereafter;
II. Tho duty Of the President shall be to
preside ct the meetings of the Board, to
call the list Of stocks, preserve order, and
wherever he is eognizant Of the facts, to de-
eide disputes in reference to purchases and
Gsles either party however, having the
right 10 sppesl from his decision to S vote
Of the house.
II. The Vice President shall oficiste in
the absence of the President. all
~. The Secretary and Treasurer shall
keep a record of the transactions of the
Board and its Committees; also list of
purchases and sales, made at each session,
the same to be furnished to the daily papers
for publication. He shall also receive and
diEburss the funds of the Board ss directed,
provided that ell orders for payment of
money shall be countsrsigned by the Presi-
dent or Vice President.
V. A Committee of Reference, 10 consist
Of Eve members, shall be appointed by the
President forthwith, and hereafter on the
first Wednesday of each month. Said
Committee, three of whom shall constitate
quorum, shall meet at the call of the
chairman to listen to matters Of dispute.
From the decisions of this Committee
there shall be no appeal.
VI. The President may fine disorderIy
members any sum, not less than twenty
five cents, nor more than one dollar. Such
money to go into the Treasury Of ths
Board.
VII. Purchases and sales, made in the
regular way, must be provided for by two
O'Clock on the following day.
VIII. Stocks, Bonds and Gold sold, seller
three, may be delivered without previous
notice, any time during the three days fol-
lowing, at the option of the seller. Pur-
chsIes. made, buyer three, may bs called
for, without previous notice, at any time
during the three days, ct the option Of the
buyer. These contracts draw no interest.
TX. Sellers options, for q period
longer than three days, require one
days notice previous 10 delivery
Corresponding buyers options also re-
quire one days notice when called. No
aao 70 hor Ir-N 81 1oolr
P. N. These contracts draw interest at the
rate Of six per cent. per annum.
K. Ali deliveries must be made by two
O'Clock P. n.
XI. In case of non-ful6llment of con-
tracts, the injured party may order the
stock brought in or sold out by the Presi-
dent, the difference TO be made good by the
party in default before he can be permitted
to operate again in this Board.
XII. Only one member of firm can be
admitted at the same session upon the same
ticket. 49,.
XIII. Parties not members of the Board
may be admitted by paying twenty Ave
cents for each admission. But such parties
shall not be permitted TO operate or transact
business. .----
XIV The fee Of membership shall be ten
dollars, payable at the time Of signing the
articles Of association,
XIV. The regular session shall be from
half past seven until nine O'Clock P n, du-
ring which time smoking will not be al
lowed. ..-.-- -
XVI. In case OF time contracts, a broker
or margin may be. called up at the time of
the purchase or SALE. bat not after9ard.
The margin must be deposited by eleven
o'clock on the following day, such deposit
to bO made at any place the parties msy
agree upon. 80 t4
XVII, The foregoing articles and regula-
tionB may be altered or amended by a ma
jority, the member moving such alteration
or amendment giving three days notice, at
G regular meeting ofths association, stat
ing the alteration or amendment, which
notice shall be posted at the time, by the
Secretary, in the rooms of the association.
It was ordered that two hundred and City
copies be printed for the use Of the mem
bsrs of the Board, and the meeting sd-
jOurned to this Monday evening, at seven
O'Clock, when the regular business for
which the Board is designed will probably
be commenced. .z.lla a.s