New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-04-20

Trspagnisr, +. A. Hamilton. n. 81
j Marks, c. Chism, William 81. Matthew
e. q. Adams, ]. n. Schwartz, and others,
now constituting the organization. known
- the "MerOhaats' Exchange of New Or
leans," their associates and successors. ere
hereby created body polite and corporate
under tho name and title of the ''Nerchants'
ana shall have power to $40 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 mot ct any time exceed two hundred
| thousand d0llars; to name and appoint
such managers, directors and officers, -
the corporate officers may require, and
shall be endowed with perpetual suCcossi0n.
SEC. 9. Be it 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 it's business, and the man.
ner in which it shall be transacted a. it
may deem necessary, the came 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
corporation hereby created. Its domieile
shall be and the Same is hereby fixed at the
city of New Orleans, parish OF Orleans, and
fluctuations or other legal processes shall
be served on the president or in his absence
ON his representative. .m
~sSEC. 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
be determined upon by the rules, regula.
tons and bylaws Of said corporation, and
they shall be elected fer such length of
time and in such manner IS may be pre-
scribed in the rules regulations and bylaws
of said corporation. Until such time as q
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. 4. Be it further enacted, etc., That
this corporation shall be and is hereby au-
thOrized and empowered, and it is hereby
made it's 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 IS are commonly dealt in by its men,
bers; provided, that nothing in this act |
shall be construed as affecting or interior.
ing with the cotton trade of the city of |
New Orleans as now conducted BY the cor
pOratiOn known as the New Orleans Cotton |
to establish and maintain bu |
reau of statistics of the commerce of the |
port of New Orleans, and publish complete |
reports of same annually at the close of |
each commercial year; to preserve and l
valuable commercial informa-
ion; to establish and maintain uniformity |
n commercial ususge in the city of New
orleans; to correct abuses and promote
ust and equitable principles of trade, and
o adjust, as far as possible, by means of
ri thA \ L
which are apt to arise be-
ween individuals engaged in trade.
Sec 5. Be it further enacted, etc., That
or the purpose of carrying ont these OBJ
sets said corporation shall constitute and ]
pp0int q committee of reference and arbi.
ration, and committees of appeals, who
hall be governed by such rules and regula-
ions as may be prescribed in the rules,
equations and bylaws of said corporation,
'r the settlement OF such matters of differ
noe a. may be submitted for arbitration by
,embers of the corporation, or by other
ersoRs not members thereof. The acting
hartman OF either of said committees,
hen sitting as arbitrat0rs, may administer |
aths to the parties and witnesses.
Sec 6. Be it further enacted, etc., That
le Governor shall appoint five -four in
,ect0rs, who shall constitute and be known
, the board of -four inspectors for the city
nd port of New Orleans. 1t shall be the
uty of said flour inspectors to inspect any
It or lots of -four in the city and port of
ew OIleans, on the levee or in store Such
spectiOn shall be conducted according to
listing laws.
Sec. Z. Be it further enacted, etc.. That
q appeal mag be made by any party feel
e aggrieved from any decision of said in.
'ectors, weighers and gaugers to the regu-
r reference committee, constituted BIZ said
oard of Trade in accordance with the
,wer hereinbefOre granted to appoint COM
ittees of reference arbitration; and the
'cision of said committee shall be final:
ID il shall be the duty of said inspectors,
sighers and gaugers to obey and carry !
it the decision of said committee, and .
nder certificate in accordance Herewith. il
SEC. 8. Be it further enacted, ETC.. That =
inspections of provisions, groceries and
her articles of produce in the CITY and | \
TT of New Orleans shall be performed .
ly upon the request of the buyer and | =
Her and shall not be compulsory except b
such cases where the inspector or in
ectOrs have reason to suspect fraudulent g
xture of packing calculated to deceive :
. buyer in purity or weight; in such case r
shall be the duty of the inspector or in
ectors to examine q sufficient quantity of y
. lot or lots in doubt, and if found i'm =
re in quality or light in weight, he shall t
once notify the owner or owners of said | v
sicles of produce, and proceed to inspect
, entire lot or lots, and shall refuse to S
and such impure article; and if light in
ndard weight, he shall brand the same
ght weight" if the owner refuses to fill 4
} standard weight into each package
,reOf.
'Ec. 9. Be it further enacted, etc., That
hall be unlawful for any person to Grace, .
olk 1
" authorized inspector, weigher or
1ger, on any package which has been
y inspected, weighed or gagged, and
lnded or marked accordingly by said in
'ctOrs.
;Ec. 10. Be it further enacted, etc., That
hall be the duty of this association to | Of
,ulate the fees OF inspectors, with the ex- g
'tion OF Hour, grain and hay weighers or II
lgers, in such manner as will further 81
commercial interest of the port of
W Orleans, to abolish all abuses and n
necessary charges, and to reduce all ex- al
'itant fees in the handling of provisions, =,
'ceries and all articles Of produce dealt 70
By the members Of this corporation.
&c. IL. Be it farther enacted. etc., That "a
hall be lawful for said corporation to ~
Give and require of and from their Off &c
e, whether elected or appointed, good ch
sufficient bonds for the faithful dis -,
'rge of their duties and trusts, and the th
sident or secretary of said corporation ca
hereby authorized to administer such vi
hs of office Is may be prescribed in the On
es,. regulations and bylaws of said cor
alton. Said bonds shall be made payable st
conditioned as may be prescribed by
rules, regulations and bylaws of said
poration. and may be sued and the T.
neys collected and held for the use of
party or parties injured, or such other
as may be determined upon by said ST