The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-11-28
ARTICLE TX.
ARBIrRAT1oNs.

l.. All claims OF one MEMBER against
another, arising from transactions 10 business,
shan be subject to arbitration by q Committee
of three members, one to be CHOSEN by each
d%isnntant, these TWO selecting a third; the
award of q majority of the arbltrators to be
binding, subject only to The right of appeal 10
the Board Of Appeals.
In the event, however, Of one Of the dis.
putting parties appointing an arbitrator, and
the other refusing or neglecttng 10 90 so Ior
three days alter notice in writing OF the ap..
poIntment, orIn case the arbltrators appointed
make report Of their award, then the Presl-
dent or officer presiding for the day shall ap.
point an arbitrator to act In the case or ill the
vacancy. who shall report within three days.
The said Board OF Arbitration shall be paid
for their services In each case according 10 8
scals OF charges to be fixed by the Board o!
Directors, and when the case 10 not PROVIDED
tor in such scale OF charges the COSTS OF the
arbitration shall be taxed By the Committee
on Appeals.
The said sums shall be divided equally be-
tween the members of the Arbitration, Com.
mittee present and serving, and the Commit
lac shall state 10 their award which OF the
parties shall pay the same.
ARTICLE Z.
BOARD OF APPEALS.
SECTION !. The Board OF Directors shall al
their hret meeting appointa Board OF Appeals,
to consist of five members, "
2. The Bonrd OF Appeals shall hear and de.
eide finally all controversies upon Wnlcn an
award has been previously made by an Arb,
trstiun Committee, and from which an appea
has been taken by one of the parties.
ANY number not less than o majority OF the
Board shall be competent to meet togetner
and hear the proofs and allegations OF the par
ties, and an award by the majority of those
present and serving shall be deemed 10 De the
award of the Board, and shall be binding on
the parties thereto.
such award shall be in writing, subscribed
to by the members concnrring thereln, ano
within twenty-four hours from The time of de-
clsion shall be given TO The Secretary OF tne
Exchange. who shall record the same IN the
| Book of Decisions of the Board OF Appeals,
and serve copies on both parties to The con.
troversy.
5. The said Board of Appeals shall be com
pensated for their services In each case &C.
cording to a scale of charges to be liked BY
the Board of Directors.
equally divided between the Members resen,
and servlDg, and the Board shall state In thell
award which of the parties shall pay the same
ARTICLE XI.
MEETINGS..
Ar Annual Meeting Of the Exchange sinai!
be held on the first Thursday 10 December, al
IL NJ, at which shall be presented by the
Board of Directors q general statement OF The
affairs and finances Of the Exchange.
The proceedings OF the said Annual Meeting
and of all Special Meetings of The Exchange,
shall be recorded In the Book of Minutes oil
the Board Of Directors.
In the absence of the President the Board
OF Directors shall appoint one of their mum:
Der Chairman 'tpro tem.," upon whom shall
devolve temporarily all the duties and gu
thorlty of the President.
At q General Meeting not less than twenty
members shall constitute q quorum, and no
sucn meetings shall ba held between the LIST
of July and thu lst Of October in each year.
The President shall also call meetings OF the
Exchange when ordered by the Board, OF
when requested In writing by fifteen mem.
bers of the Exchange. -
The Exchange Rooms shall be open to mem.
beers daily from 10 A.. N. to 4 2. H.. from Octo.
Der lst TO April Both, and from 10 a.. M: to3 P.
NJ. from May lst 10 September 30, sundays
and holidays excepted.