The herald., 1919-12-04
CHARTERS.

the approval OF the Executive Commlttee
Of this corporation. This committee shall
have charge of the Grain Inspection De-
partment in all matters relating to grain
for export, or local, subject to the approval
of the Board of Directors.
Section An all disputes arising solely
out of the purchase or sale of grain and
where arbitration is required, the Chair
man of the Grain Committee shall appoint
three members of the Grain Committee, not
parties to the dispute, to act as arbitra-
tors. In case of an appeal from the de-
cision of the arbitrators, same shall lie to
the Grain Committee. The Committee Oh
Grain may fix, by bylaw, such fees as
the arbitrators, and also in cases heard by
the arbitrator, and Also in case of appeal,
by the committee. When other questions
of grain, an appeal shall lie to the Com
mittee on Maritime Arbitration. A ma
jority Of the committee shall constitute
quorum. A report of all proceedings shall
be kept by the committee, under the super
vision of the Secretary of the corporation.
The Committee on Grain shall have sub
ject to the approval of the Board of Di-
rectors, full power to establish grades of
grain, and to alter and amend the same
as may be deemed necessary or eXpedient;
provided, however, that before any change
of grade shall take effect at least ten days
notice shall have been posted on the bulle-
tin board of the Main Exchange floor. as
well as of the Maritime Branch of the New
Orleans Board of Trade Limited. and no
contract existing at the time of such
change shall be affected thereby. Stand
ard samples of all the various grades shall
be prepared for each crop as early as ex-
pedient, under the direction of the COM
| mittee, and placed in charge of the chief
grain inspector of the corporation.
Section 5.-The Committee on Grain
SHALL with the approval Of the Board of
Directors, perform the following duties ::
Provide an Office for the inspection de-
partment. and employ such clerical force
as may be necessary; shall appoint and
discharge the chief inspector and his depu-
| ties and assistants; shall have supervision
over the said inspector and assistants and
Issue such instructions to them as may
be deemed proper. and shall regulate their
| salaries. This committee SHALL on or be-
| fore December LIST of each year submit to
| the Board of Directors a budget covering
| the approximate expenses of the depart
ment. The inspection fees shall be fixed
| from time to time, by the Committee on
Grain, and submitted by them. together
| with an itemiZed monthly report of the re-
| ceipts and expenses of the inspection de-
partement to the Finance Committee. Al
| fees collected by the Grain Inspection De-
partment shall be paid to the Treasurer OF
the corporation as soon as received Al
payments shall be made under the direc.
ton of the Finance Committee of the Board
| of Trade.
Eliminate Sections and from the
| Charter.
Amend Sections s, 0, 10, II and -. tc
| read respectively Sections 6, Z, g. ant
TO-"
And whereupon the said Warren Kear
| ney, President, and II. S. Herring Score
| tary, have appeared before me, notary, t.
perpetuate into the public records the re
| suit of the meeting of the stakeholder.
| aforesaid, and to make, by these presents
authentic proof of the amendments to SAID
Article Y of the Charter of said corpora
ton to be spread upon the parish and Stat,
| records.
Thus done and passed, at my office. in
| the city of New Orleans, on the date frs
| above written, in the presence of Messrs
Lawrence G. BOdet and Gordon L. Austin
competent witnesses, who have hereunt,
! signed their names with the said appearer.
and me, notary, after due reading of tn,
whole.
Original signed: L. G. Bodet. G. L. Aus
tin; Warren Kearney, President; H. s
Herring, Secretary.
E. P. COUSIN, Not. Pub.
L, the undersigned, Recorder of Mort
cages, In and for the Parish of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing Act of Amend
ment to the Act of Incorporation of tn
New Orleans Board of Trade Limited. wal
this day duly recorded in my office, il
Book 1871, folio -.
New Orleans, La, October 2Sth, 1919
| EMILE J. LEONARD, D. r.
| tSeai) Not. Pub.
A true copy. E. p. COUSIN,
Nov. 5-Dec. IL.