The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1884-02-29
RULES, REGULATIONS AND
BYLAWS

RULES, REGULATIONS AND
BYLAWS
OF the Mankato Dairy and Produce
Exchange.
RULES AND REGULATIONS.
This organization shall be known as the
Mankato Dairy and Produce Exchange, and
Its object shall he to furnish facilities for
tho purchase and sale by its members of but
ter and cheese and other products.
MEMBERSHIP.
Sectioni. Any person OF good moral char
acter and credit. and OF legal age, may be adj
mitted to membership I'm the Exchange, by
notifying the Secretary 10 that effect, paying
the initiation fee of five dollars and signing
the Rules, Regulations and BYLAWS.
VISITORS.
See. I. Visitors may be introduced to the
Exchange rooms upon such terms and for
such time as the Board of Directors max
son shall he permitted to negotiate or trans
act any business In the exchange rooms.
DUTIES OF THE PRESIDENT.
Sec. /. 1t shall be the duty OF the PresI-
dent to act rs the general executive officer of
the,Exchange, and also of the Boerd Of Direc-
tors, and to preside mt all meetings OF both.
and to direct the proceedings of each In ac-
corlance with the Rules aud Bylaws OF the
same; To call special meetings Of the Board
of Directors and OF the Exchange when he
may deem IL advisable, or ON written request
OF five members.
Sec. z. Prior to all elections Of the Elk.
change, the President shall appoint three
tellers ana one clerk, whose duty IL shall be
to receive and list and deposit In the ballot
box all legal votes, and at the close OF the
election count and announce the result OF
the same.
Sec. }. 1t shall be the duty of the Presi-
tn mud hs,st
dec0rlun In the rooms of the exchange DUR
ing business hours, and I'm case any member
or other person shall be guilty OF any dis
orderly, boisterOus or offensive conduct.
while In the exchange rooms, he shall for
that offense be suspended from the privilege
OF admission to said rooms for such time as
may he determined by the President, subject,
however, to appeal to the Board OF Directors.
suspended IL the President shall so elect.
See 1. IT shall be the duty of the Presi-
dent to temporarS hli any vacancy which
the Eses or sp apRont ali come:
lidttees whyset itment is not otherwise
DUTIES OF TEE VICE PRESIDENT.
Sec. l. 1t shall he the duty of the Vice
President to perform the duty OF the Presi-
dent In case of his absence or disability.
DUTIES OF THE SECRETARY.
Sec. I. The Secretary, under the direction
and control of the Board OF Directors, shall
keep journal Of the proceedings of the Ex-
change and take charge OF the seal, books,
papers and property belonging to the Ex-
change. He shall furnish to the chairman of
every special committee q cOpyof the resOlu-
ton whereby such committee shall have been
appointed, and under the direction of the
ing of the Board of Direct, rs or of the Elk
change. He shall conduct the correspOn-
dcnce of the Exchange, and real such re-
cords or papers as the presiding officer may
direct lie shall attend meetings OF the COM
mittee of arbitration or appeals, and of the
Board of Directors, and keep an official re-
cord of their proceedings, give notice when
their services are required, issue the neces-
all awards and findings. He shall collect ali
moneys due the Exchange for assessments,
fines. fees, or otherwise, aud pay the same to
the Treasurer, taking his receipt for the
same, and shall perform such other duties as
the Board of Directors may from time to
time direct.
DUTIES OF THE TREASURER.
Sec /. The Treasurer shall receive from
the Secretary all funds belonging to the Ex-
change, and shall disburse the same on the
order OF the Secretary, countersiRned by the
President. He shall make report to the
Board Of Directors, whenever called upon by
them. His account! shall be kept in books
belonging 10 the Exchange, which books
shall he at all times open for examination of
the Board of Directors or any committee of
said Board.
DUTIES OF THE HOARD OF DIREcrORs
Sec. l. The Board of Directors shall on
Wednesday succeeding each annual election,
or as soon thereafter as may be practicable,
appoint Secretary and Treasurer, may fix
the compensation to be paid to the Secretary
the term OF oil1ce OF all appointees, when II
snail commence ana expire, but reserving to
themselves, at all times, the power of revOk-
ing such appointments, NJ the will or plea
sure OF the said Board.
Spp. z The hoard of niracTarS may 20
quire of all appointees an oath. to well and
ialthfuIiy perform all ana singular the duties
or their Office, AID u good and sufficient bond
to secure such performance.
sec The Board OF directors shall pro-
Vide suitable ana convenient rooms for the
meeting OF the Exchange, and shall cause
the same To be kept in comfortable, neat
and orderly condition. and have them. open
at proper hours ON business days. At every
annual meeting they shall make report Of
the receipts and expenditures, properly clas-
siicd, anu an exhibit OF the financial affairs,
property and general condition of the Ex-
mee'ing OF the Exchange, assess on each
member a pro rata amount, which, i'm their
Judgment will be sufficient in the aggregate
EXCHANGE for the ensuing wear and they
shall ut the ;nnuai meeting report to the Ex-
change tn9 pro r:ltss amount thus assessed.
Sec. 4. They shall provide books, station
cry and other materials and for all other
necessary expenses of the Exchange.
Sec. 5. Three members of the Board of
Directors shall constitute a quorum for the
transaction at rAfess. hnt "a less number
may adjourn sroIf 3iine t.etime, to any liked
date preceding th"tfext regular meeting or
the said Board
Sec o. fhe BOARD OF directors snail mold
Quarterly ineeian IN ai.H snen other meetings
rs the interest Oh the exchange may require.
See. .. Inc Boaiu oi directors may en-
ploy such legal advice and assistance as they
may deem necessary Tor the benefit OF the
exchange
Sec. B. In case any member or the Board
of Directors shall absent himself from tive
consecutive meetings OF the Board or Direc-
tors, without having been previously eXcus-
ed or without communicating 10 the PreSi-
dent, in writing, a good and sufficient excuse
for his absence, or resignation of his Office,
the Board of Directors shall have power to
declare the Office or said Direcor vacant, and
to Immediately order u special election by
the Exchange to fill said vacancy.
Sec. 8. ANY member of the Board of Direc-
tors who absents himself from any meeting
of the Board shall be fined % fer such alb
sence; provided, he shall have had notice
from the Secretary or President, of such
meeting. Sickness or absence from home
shall be sufficient excuse.
.,
Section l. 1t shall be the duty OF the Com
mittec OF Arbitration to hear and determine
all cases OF disputed claims, Voluntarily sub
mitted in writing for their adjudication by
members of the Exchange. In all such adj
Indications, the committee shall construe all
Rules, Regulations ana bylaws OF the Ex-
change as being designed to secure justice
ings shall be made i'm conformity Herewith,
and in accordance with the laws of the land.
Sec. 2. Any award or finding of the Com
mittee of Arbitration may be appealed from,
and the case may be carried to the Commit
tee of Appeals Tor revision: fropided, notice
of such appeal shall be given TO the Secre-
tary, in writing, one week after such award