The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-27

Change OF said county, respectfully
/. That it was originally Incorporated
under the laws OF said State. hy an order
granted by the Honorable William Schley.
Judge Of said Superior Court of said Coun-
. That an amended Charter was duly
granted to your petitioner. by an order OF
the Honorable Henry b. Tompkins, Judge
or said Superior Court, on the Sth day OF
July, 1916. whereby "The Savannah Cotton
exchange" was 10 exist for the period of
twenty years from this date. with the
privilege OF renewal at the expiration of
that time.
3. That your petitioner Is DESTROYS of
having said Charter renewed for the statu-
tory period Of twenty years IN the follow
ing amended form:
ARTICLE T.
section l. The corporate name and title
OF this Association shall be The Savau-
be known. as well as sue and be sued 1t
shai exist from this date for the period
OF twenty years. and its domicile is here
by nXed in the City of Savannah. with the
that time.
ARTICLE II.
Seclon ]. The purposes of this Associa-
tion small be to provide and maintain suit
able rooms for a Cotton Exchange in the
CITY OF savannah. to adjust controversies
between its members. to establish Just
anu equitable principles, uniform usages,
rules ana regulations. and standards for
cIasslncatiOn. which shall govern all
transactions of its members connected
Win the cotton trade in the City of Savan-
nan, 10 acquire, preserve and disseminate
information connected Herewith to de-
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 il.
Sec :. In order to be able the better to
carry out these purposes, all the powers
OF the Association, except that Of chang
ing Its Bylaws. are vested in. and shall
De exercised by a President. Vice Presi-
dent and nine members, who together
shall constitute a Board of Directors to
pc elected from time to time. In such
manner as the Bylaws of the Association
shall provide
Sec. 3. Said Board of Directors shall an
point Superintendent and Treasurer
ana such committees as may be necessary
70 carry out said purposes including
FINANCE Committee and Committee on
Sec. 4. (a) Claims OF one member
against another. connected with, or grow
ing out Of or from, cotton transactions
party to the dispute, be sub
tect 70 arbitration by committee
OF three members. one to be chosen by
each disputant. these two selecting a
third; the demand shall be in writing and
shall contain clear and accurate state
ment OF the matter in controversy TO be
submitted.
% No member Of the Board Of Appeals
shall be an arbitrator. In the event, how
ever OF one of the disputlng parties APP
pointing an arbitrator and the other re-
fusing or neglecting TO do so for three go
days after notice in writing that said de-
mand has been filed with the Superlnten-
dent OF said Cotton Exchange. or in case
the arbltrators appointed shall not within
seven "a days after appoint
ment,, make report of their
award, then the President or ON
Ger presiding for the day shall appoint
an arbitrator or arbltrators 10 act IN the
case or FIJI the vacancy, and the Board OF
Aspiration so organized shall report
than three 90 days, unless fur
an the arbitrators In writing. and filed
with the Superintendent of the Exchange
~ me award of majority of the
arbitrators shall be binding upon the
parties to the controversy. subject only
70 the right Of appeal to the Board Of
Appeals within four % DAYS after said
award shall have been filed with the SUI
perlntendent or Acting Superintendent
appealing
do The Board Of Appeals shall hear and
decide finally all controversies upon which
an award has been previously made by
an Arbitration Committees and from which
an appeal has been taken by one Of the
parties.
(e) An appeal shall take up 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 a major
ity 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 Board, and shall be binding on the
tg) Such decision shall be I'm writing.
subscribed by the members concurring
therein, and, within twenty-four (2D hours
from the time of the decision, shall be Civ
en- 10 the Superintendent 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.
% Said Committee of Arbitration. con-
stituted as aforesaid. within forty-eight
(4s) hours of appointment, as aforesaid,
and the said Board of Appeals. within for
ty-eight (S) hours after such appeal shall
have been entered as aforesaid, shall
appoint a time and place of hearing any
such controversy or appeal, and shall
cause at least twenty-four l2D 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
to them be entitled to 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 a cause, shall dismiss,
discontinue or settle the cause before a
final decision has been rendered.
Ck) The foregoing provisions shall not
apply to disputes relative to quality of
cotton rendered for delivery, or of rejec-
tions 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 Dlrec-
tors.
SC. 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 wilfullY violating its Com
stitution, Bylaws or Rules, or of a fraud
ulent breach of contract, or of refusing or
neglecting to comply with or failing 10
nav any final award or decision In ten
11Ol days after the same has been made
ana filed with the Superintendent. or
Acting Superintendent, or of other mis-
conduct, shall on complaint in writing OF
anv 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 (1O) days before the hearing-be
summoned before the Board of Directors
when IL desired, he shall be heard in his