New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-04-18

now co0eututing tho organization known
= the "Merchsnts' Exchange of New Or
ieans, their associates and successors, are
n nsteCy tS Created body polite and corporate
Exchange Association of New Orleans"
ana shall have power to sue and be sued in
their corporate name; to make and use =
corporate seal; to hold, receive, purchase,
and convey, under their corporate name.
property both real and personal, which
shall not ct any time exceed two hundred
thousand dollars; to name and appoint
the corporate officers may require, and
shall be endowed with perpetual succession.
SEC. z Be 1t further enacted, etc., That
the said Merchants Exchange Association
OF New Orleans. ehall have power to make
such rules, regulations and bylaws for the
management Of its business, and the man.
ner in which it shall be transacted az it
may deem necessary, the same not being
contrary to this act or the laws of the land;
and until otherwise provided: the rules,
regulations and bylaws of the said Mer-
chant Exchange Of New Orleans shall be
the rules, regulations and bylaws of the
corporation hereby created. rs domicile
shall be and the same is hereby fixed at the
city Of New Orleans, parish of Orleans, and
be served on the president or in his absence
| on his representative.
q. Sec. 3. Be it further enacted, ETC.. That
the officers of the said Merchants Ex.
change Association of New Orleans shall
consist of . president, one or more vice
presidents, and such other officers as may
be determined upon by the rules, regula
tions and by lave Of said corporation, and
they shall be elected fer such length of
time and in such manner a. may be pre-
scribed in the rules regulations and bylaws
OF eaid corporation. Until such time rs
regular election may be held. the present
officers of the Merchants Exchange of
New Orleans shall be the officers of the
corporation hereby created.
SEC. A. Be it further enacted, ETC., That
this corporation shall be and is hereby ALL
thOrized and empowered, and it is hereby |
made its duty TO establish and maintain |
just and correct standards of quality and /
quantity of flour, grain, hay, provisions.
groceries, liquors, and such articles of |
trade as are commonly dealt in by its mem
bers; provided, that nothing in this act |
shall be construed as affecting Or interfer.
ing with the cotton trade of the city of
New Orleans as now conducted BY the cor
poratiOn known 40 the New Orleans Cotton
Exchange; to establish and maintain a bu
reau of statistics of the commerce of the
port OF New Orleane, and publish completes
reports OF same annually at the close of
each commercial year; to preserve and
disseminate valuable commercial informa-
ton; to establish and maintain uniformity
in commercial usuage in the CITY of New
Orleans; to correct abuses and promote
just and equitable principles of trade, and
to adjust, as far AZ possible, by means of
Arbitration, the controversies and misuu.
which are apt to arise be-
tween individuals engaged in trade.
SEC. 5. Be il further enacted etc., That
Tor the purpose OF carrying out these OBJ
HQYA kon 1
appoint committee of reference and arbi.
ration, and committees of appeals, who
hall be governed by such rules and repula-
ions Is may be prescribed in the rules. |
regulations and bylaws of said corporation.
or the settlement of such matters of differ
noe "a may be submitted for arbitration by
members Of the corporation, or by other
'ersons not members thereof. The acting I
hartman OF either of said committees.
vhen sitting as arbitrator, may administer
aths to the parties and witnesses. A.,
SEC. b. be it further enacted, etc., That |
he Governor shall appoint five flour in
pectOrs, who shall constitute and be known
g the board of flour inspectors for the city ,
nd port of New Orleans. 1t shall be the
uty OF said flour inspectors to inspect any
Dt or lOts of flour in the city and port Of l
Few O. leans, on the levee or in store such
shall be conducted according to q
xisting laws. v
Sec. 7. Bs it further enacted, etc.. That j;
n appeal may be made by any party feel 81
x aggrieved from any decision of said in q
pectors, weighers and gaugers to the regu- ~
" reference committee. constituted by said e.
GARD OF Trade in accordance with the fd
over hereinbefOIe granted to appoint COM o.
ittees of reference arbitration: and the
ecieion of said committee shall be final: =
ID IL shall be the duty Of said inspectors, U
eighers and gaugers to obey and carry
1t the decision Of said committee, and
nder certificate in accordance therewith, IN
SEC. 3. Be it further enacted, etc.. That
inspections of provisions, groceries and
her articles of produce in the city and
'rt OF New Orleans shall be performed Z
lly upon the request of the buyer and y
Her. and shall not be compulsory except az
such cases where the inspector or in. in
ectors have reason to suspect fraudulent eli
xture OF packing calculated to deceive az
Q buyer in purity or weight; in such case hs
shall be the duty of the inspector or in 60
ectOrs to examine a sufficient quantity of 49,
9 lot or lots in doubt, and if found i'm tn tn
re in quality or light in weight, he shall Of
once notify the owner or owners of said an
ticles of produce, and proceed to INSPECT un
entire lot or lots, and shall refuse to "A =
and such impure article; and if light in Or
Indard weight, he ehall brand the same
ght weight" if the owner refuses to FIJI .
standard weight into each package IN
,re0f.
SEC. 9. Be it further enacted, etc. That
shall be unlawful for any person to erase.
lace or alter this brand or mark of the IN
" authorized inspector, weigher or
niger, on any package which has been
~ inspected. weighed or gagged, and
'nded or marked accordingly by said in ~
,ctOrs. Il
'EC. III. Be it further enacted, etc, That | egs
hall De the duty of this association to S ba,
'ulate the fees OF inspectors, with the ex- at
'tion of flour, grain and hay weighers or Of
ayers, In such manner as will further ne
commercial interest of the port of I'a
" Orleans, to abolish all abuses and -
necessary charges, and to reduce all ex-
itant fees in the handling of provisions. FO,
ceries and all articles Of produce dealt
~ the members of this corporation.
&c. II. Be it further enacted. etc., That Ill
hall be lawful for said corporation to
Give and require of and from their Off r
,, whether elected or appointed, good La
sufficient bonds for the faithful dis and
rye OF their duties and trusts, and the M
sident or secretary of said CORPORATION | ban
hereby authorized to administer such ,, ~
hs of Office rs may be prescribed in the dem fsr,
's, regulations and bylaws of said cor favt
alton. Said bonds shall be made payable the
conditioned as may be prescribed by and an
Iuioe, regulations anu bylaws OF said | jldl
,oration. and may be sued and the the
leys collected and held for the nae IF | Of p
marty mr. nartias ;p;yrod -. 80, | ACC,
". I~'o .DJu.0u,o VI Sucu Otner theI
ds may 10 0eterDlued upon by said that
provided that nothing in this | of A
shall Affect or be binding upon any per- ana
or persons not members of this said s sand|
chants Exchange. In
C. IL. Be it further enacted. etc., That Ju
'cts and parts of acts conflicting or =.
paiatAnt with tha nr0Yiainns of this Saf | ~