The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1889-03-26

of the president to call such meeting, three
members shall have power SD 10 do, on a
notice Of at least ten days, mailed TO the
! address of each member. At every raeet-
ing of the board of directors a majority OF
the whole number shall constitute a quo
rum. AT such meeting the following shall
be the regular order of business
| Calling the roll Of members and eS-
Guiding all unauthC rized persons.
=. Reading the minutes OF preceding
meeting
8 Req ri of the committee on member
ship.
4. Balloting on names reported.
>. Report OF the president.
q. Report OF the secretary.
Z. Report Of the treasurer.
g. X ports of ether standing commit
tees.
g Reports of special committees.
10 Unfinished business.
ii. General business
Sec 6.-Ihe committee on membership
snail consist of three members, who will
pass upon all proposed members and their
actions shall be reported 10 any business
meeting the exchange, and 1t shall require
a majority OF all members OF the board
OF directors 10 elect a new member.
| Sec. THE committee or arbitration
shall consist of three members, and shall
have all mat ers of difference between the
mem hers, rs real eSlate brokers or alb
stracIurs. submitted 10 them IL sritten,
aud If their action Is unanimous, II shall
be considered a final settlement; If not
unanimous, il shall be submitted To the
board of directors, In conjunction with
the arbitration committee, whose action
shall be 6nsl
| Sec S-The committee on finance and
auditing shall Consist OF three members Of
the board of directors and shall pass upon
all claims and accounts, and report at each
bns ness meeting of the board OF directors;
and upon their report being adopted or
passed upon by The board of directors
the present shall draw his warrant on the
treasurer for such amounts as shall be due
upon such report and approval, which war
rant shall be countersigned by the secrt tary,
by whom a prompt account shall De kept
of the same.
Sec 9.-The annual fees of members
shall be twenty-five dOllars, payable in
seml-annual iIstslinents In advance.
Failure TO pay these semi-annual fees for
continuous term Of one month, shall
cause suspens on of the privileges cT mem
hership, aud failure TO pay them for IA
period of six months shall constitute
forfeiture IF membership. Each member
elected shalt, upon his subscribing 10 the
constitution and bylaws aud paying his
proper dues, be entitled TO certificate of
membership. TO be signed by the president
and countersigned by the secretary. sS
SIC l0.-Any member found guilty of
criminal conduct of any kind, or of unfair
or dishono-able cor duct in business trans.
actions, shall be expelled. Any member
violating any of The rules of the Exchange
NAV be punished by foe or temporary
suspension of privileges, as nay be deter
mined nv vote of The board of directors.
SEC. l1-No member shall! accept from
the owner, property for sale or rent know
ing that another member Is agent Tor II.
There shall be but one member IF the
Exchange as agent for the same piece of
property at The same time.
Members holding property as agents may
aud in case the same is listed at the Ex-
change, shall pr rmit the agents TO act as
sub-agents In case a sale Is effected by
the suh-agent, and approved of by the
agent, the contract is TO be made, the de- |
post held, and the sale closed by the agent; |
but the commission is TO be equally divid- |
ed between the agent and the sub-agent, |
after deducting 5 per cent thereof which is
10 be paid into the treasury of ExchaDg,
as provided in section l6 of these by laws.
No property for sale shall be given To or
received from real estate agent who is !
member thereof.
Members of the Exchange shall not re-
ceive property for sale at net prices, but
shall charge the regular commissions on
the price at which the property is sold by
them.
SEC 12-The minimum mmissious for
selling property shall be at least SO i'm
every sale; on all commissions shall be not
less than per cent; on the i-st SO, 1-2
per cent on all that part of the price In ex-
cess of 81 900 and not in excess of $40 900;
per cent on all that part of the price in
excess of $4,000 and not in excess Of
$4,000; on all parts of the price in ex-
cess of $4,000, charges shall be al the
the agents option.
SEC. l3.-In the absence of the president
the vice president shall preside. and in the
absence OF both temporary presiding Of
ticer shall be elected
SEC. 1.-THE secretary shall keep a com.
pleIe TScofu OF ali tne meetings OF the aSso-
citation ana the board oil directors. He
shall attend to all correspondence, and do
such other work as may be given him by
the board of directors
SEC. 15 All votes on election shall be
by ballot.
SEC l6 "A suitable room shall be pro-
cured for holding meetings. and shall be
under charge of the secretary.
SEC. 1.-THE members of this exchange
may list their property with the secretai y
Of the exchange, who shall keep a record
Of the same, which shall be accessible Only
10 members OF the exchange in good stand
ing, and the property so listed may after
wards be sold by any member of the ex-
change as sub-agent for the agent listing
the same. When SO sold by sub-agent,
five per cent. of the regulsr commission
shall be paid into the treasury of the ex.