The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-11-28
b y l. q w Q !.
ARTICLE I.

adopted:
ARTICLE I.
TITLE.
The title of this Association shall be the
Charleston Exchange.
ARTICLE II.
PURPOSES.
The purposes OF this Association are to pro-
Vide, and keep up In q proper manner an
Exchange for the use and benefit OF Its MEM
hers. and for the advantage Of the whole bust-
ness community OF Charleston; to establish
necessary rules for transactions between MEM
hers. and to adjust controversies upon equl-
table principles; to give uniformity and cer-
tainty to the usages and customs now OF forcei
to provide and keep permanent standards Oh
mercIsl statistics of this market and port, and
to increase and facilitate business generally.
ARTICLE III.
OFFICERS.
I The Officers OF this Association shall be q
President and twelve Directors; to be elected
ANNUALLY, on the first Monday 10 December.
They shall elect q Superintendent, who
shall also serve az Secretary and Treasurer.
8. The Board Of Directors shall enter upon
the dulles of their office on the flrst Thursday
succeeding their election, and Shall continue
in office until the Thursday following the cleo
ton OF their successors.
i. A Regular Meeting of the Board shall be
held on the first Thursday OF every month, at
IL N. The President may call Special Meet.
ings whenever he may deem 1t necessary, and
he shall also do so when requested IN VIII
ting, by three members OF the Board.
s. All vacancies which may occur In the
Board by death, resignation or otherwise,
may be filed by the Board at any regular
The Board shall also have power 10 I'LL any
vacancies of Inspectors OF Election.
6. A majority of the Directors In the city
shall constitute a quorum for business, except
In cases tor which other provision Is made by
this Constitution.
Z. The Board of Directors shall have gene
raj and entire management Of the Association,
mot inconsistent with the rules.)
They shall adopt such regulations as they
deem best to carry out the purposes of the
Exchange, and stall appoint such subordinate
officers aud employees as they may deem nee
essary.
s. All regulations adopted by the Board OF
Directors shall. after having been posted on
The Bulletin of the Exchange ten days. be In
force and binding on The members, and shall
govern all cases TO which they are applicable.
9. The Board OF Directors shall appoint from
the members three Inspectors of Election who
4udu 6CIfO uhlIN- VIC hOAS 6SAoA0
Upon going into Office they shall also ap-
point from the members the following Com
mittees, but there ahall be at least one mem.
Der of the Board of Direct )rs upon each of the
Standing and Special Committees of the FIX
change:
AGommltee on Finance. to consist of three
members.
lions, to CONSIST OF five members.
A committee on Information and Statistics,
to consist Of five members.
A Committee on Appeals, to consist OF five
members.
Aud IRON time to time such Special Com
mlttees as they may deem proper.
ARTICLE ".
MEMBERS.
]. All persons who are engaged In business
and are of good standit In Charleston may
be elected members OF ia Association.
2. Persons applying for membership shall
be balloted for upon the recommendation Of a
majority of the Board of Directors, to whom
all applications must be made In writing.
3. The balloting shall take place at the Ex-
change at any general meeting of the Associa-
tlon.
At other times on Thursdays only, but
every Thursday shall be election day, between
The hours OF 10 A. N. and 3 P. N.
4. If three-fourths OF The votes cast are ia.
vorable to the applicant he shall be declared
duly elected.
s. The admission fee shall be twenty-five
dollars for each member, 10 be paid within
one month after his election.
8. ANY member falling to pay bis dues and
assessments within one month alter they be-
come due, shall be notified by the s%uperlnten-
dent In writing of such failure, and be de-
prived Of the privileges Of the Exchange until
the same are paid.
The sum of one dollar shall be added to the
amount Of said dues and assessments TOR each