The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-13
ron RENEwAL OF cIIanrrR.

"a q
T granted by the Honorable William Schl~v.
f Judge OF said superior Court OF said Coun-
~ and state.
I p That an amended Charter was duly
granted 20 your petitioner hy an order 81
the Honorable Henry =. Tompkins. Judge
July, 1876, whereby '.rne Savannah Cotton
Exchange was TO exist for The period Of
I twenty years from this date. with the
+ privilege OF renewal al the expiration Of
that time
g. That your petitioner is DESTROYS or
having said Charter renewed for the statu-
I tory period of twenty years ia the follow
/ ing amended form:
ARTICLE l.
Section I. The corporate name and title
I OF this Association shall be THE SaVan-
nah Cotton Exchange" By which IL shall
/ be known, as Wen as sue and bee sued 10
/ snail exist from this date for the period
I by fixed in the City OF Savannah with the
/ privilege OF renewal al the expiration of
/ that time.
ARTICLE II.
Section I. The purposes Of this Associa-
/ ton shall be TO provide and maintain suit
/ able rooms for Cotton Exchange I'm the
between its members. TO establish lust
/ and equitable principles, uniform usaEes.
/ rules and regulations, and standards FOR
classification, which shall govern an
transactions of its members connected
I with the cotton trade i'm the city of Savan-
] nan; TO acquire, preserve and disseminate
d
/ crease the risks incident thereto and to
/ generally promote the interests OF the
/ trade and TO increase the cotton business
/ OF the city of Savannah and augment the
/ facilities for conducting it,
! sec. = In order to be able the better TO
carry OUT these purposes. all the powers
t OF the Association, except that Of chang
/ ING lts bylaws, are vested in. ana shall
/ DE exercised by President Vice presi-
/ cent and nine members. who together
/ snail constitute a Board of Directors 10
/ De elected from time TO time, i'm such a
manner as the Bylaws of the Association
! shall provide.
Sec. 3. said Board of Directors shall an
1 point a superintendent and a Treasurer
4 ana such committees as may be necessary
/ 10 carry out said purposes. including "A
/ tlnance Committee and a Committee on
! Appeals.
See. 4. Ia Claims of one member
/ against another, connected with. or grow
shall. on the demand Of either
party 10 the dispute, be sub
yeet to arbitration by committee
! each disputant. these two selecting "A
third the demand shall be in writing and
| shall contain clear and accurate state
| submitted.
% No member of the Board of Appeals
shall be an arbitrator In the event, how
! pointing an arbitrator and the other re-
/ Iusing or neglecting to do so for three go
! Gays aIter notice in writing that said de-
n
! cent OF said Cotton Exchange or i'm case
| the arbitrators appointed shall not within
seven O days after appoint
award. then hen the President or 'o ofl-
| Ger presiding for the day shall appoint
an arbitrator or arbitrators To act en- the
| case or MI the vacancy, and the Board Of
-IIultrauoh go organized shall report
tWlthih lhree go days, unless fur
ther time be agreed upon by
an the arbiirators in writing and filed
with the Superintendent OF The Exchange
GO The award Of a majority of the
arhitraiors shall be binding upon the
parties 10 the controversy subject only
20 the fslt or appeal io the Board of
Appeals within four % days after SAID
award shall have been filed with the Su-
perintendent or Acting Superintendent
and notice thereof served upon the party
appealing.
dl The Board of Appeals shall hear and
decide finally all controversies upon wiiich
an award has been previously made by
an Arbitration Committee and from which
an appeal has been taken by one OF the
parties.
(e) An appeal shall take no the entire
controversy, and shall be an investigation
de novo, upon which the whole merits Of
the case shall be heard.
a. ANY number, not less than maior-
itv of the Board. SHALL be competent to
meet together and hear the proofs and al
legations of the parties, and a decision
by a majority Of those present and serv-
ing shall be deemed to be the Judgment
OF the Beard, and shall be binding on the
(g) Such decision shall be in writing.
subscribed by the members concurrng
therein, and, within twenty-four (2A hours
from the time Of the decision, shall be Civ
en- TO the Superint endent or Acting Super
intendent Of the Exchange, who shall re-
cord the same in the book of decisions Of
the Board Of Appeals, and serve copies
upon both parties to the controversy.
(h.) All awards Of Arbitration Commit
tees not appealed from in four days and
all decisions of the Board of Appeals, shall
be final.
ID Said Committee of Arbitration, con-
stituted as aforesaid, within forty-eight
(4S) hours of appointment, as aforesaid,
and the said BCaNd of Appeals, within for
ty-eight (i9 hours after such appeal shalt
have been entered as aforesaid. shall
appoint time and place of hearing any
such controversy or appeal. and shall
cause a least twenty-four (2D hours no.
tice Of the same to be given to the respec-
% The SAID abitrators and the Board
of Appeals shall, for each case submitted
10 them, pc ehtltied 70 compensation,
which shall be regulated by the Board of
| Directors and paid by the said CORPORA
ton. And for each case submitted the
said corporation shall be entitled to GER
tain dues, which shall be regulated by
the Board of Directors, and taxed against
such of the parties to such controversies
as the arbitrators on final award, or
BOARD of Appeals on final decision, may de-
termine, or against such parties who,
after submitting cause, shall dismiss,
( discontinue or settle the cause before I.
/ final decision has been rendered
Qk) The foregoing provisions shall not
apply to disputes relative to quality of
cotton rendered for delivery. or of rejec-
tons from cotton so rendered. Such dis
putes shall be adjusted under rules which
have been prescribed, or may be pre-
scribed hereafter by the Board of Direc-
tors.
Sec. 5. In order to enable said Board of
Directors to enforce the laws and rules
which this Association has established or
may establish for the guidance of its
members, and with a view to carry out
the above purpose, It is provided, that
any member of the Exchange who shall
be accused of willfully violating it's Con-
stitution, Bylaws or Rules or Of a fraud
ulent breach of contract, or of refusing or
neglecting to comply with or failing to
pay any final award or decision in ten
(IO) days after the same has been made
and filed with the Superintendent or
Acting Superintendent, or of other mis-
conduct, shall on complaint in writing OF
any member specifying the charge or
charges, or on the resolution of the Board
of Directors specifying the charge or
charges-a copy Of which said
complaint or resolution shall be
served on the accused at least
ten 90 days before the hearing-be
eYunmOnad before he BOARD n Dfrpctora