372

LAWS OP MAEYLAND.

things relating to their admission, rejection, suspension and ex-

clusion; no person shall be entitled to the privileges of member-

Qualifica-
tion.

ship, except in conformity with such by-laws, and shall have first

signed a copy of the constitution and by-laws of said corporation.

SEC. 5. And be if enacted, That the objects of this exchange are

declared to be to advance and promote the general interests of the

city of Baltimore, and more particularly to encourage, advance

and protect the building and manufacturing interest of the city ;

to inculcate just and equitable principles; to establish and main-

Object.

tain uniformity in commercial usages; to acquire, preserve and

disseminate valuable business information, and to avoid and to

adjust, as far as practicable, the controversies and misunderstand-

ings which are apt to arise between individuals engaged in trade,

when they have had no established rules to guide them; to facili-

tate the dealings between the members of the trade, by providing

suitable rooms and times of meetings, to enable them to meet to-

gether and transact business, and to the end that membership of

this association may be a guaranty to the public of the skill, hon-

orable reputation and probity of those who shall be admitted

thereto.

SEC. 6. And be it enacted, That said corporation shall have the

power to assess upon its members such amount of money for the

privileges of membership and such initiation fees as the by-laws

ma.y prescribe, and as it may from time to time deem proper for

Assess-

the maintenance and permanent welfare and support of said

ments.

builders' exchange of Baltimore city; the board of directors shall

have the power of inflicting fines upon any members for a breach

of its rules, regulations or by-laws and to collect the same or any

other dues by action of debt before a justice of the peace in the

name of the corporation, but no fine shall exceed ten dollars.

SEC. 7. And be it enacted, That it shall be lawful for said

board of directors when they shall think proper, to receive and

require of any of their officers good and sufficient bonds for the

Bonds.

faithful discharge of their duties and trusts, and any justice of

the peace of the city of Baltimore is hereby authorized to ad-

minister such oath of office as may be prescribed in the rules of

said organization, said bond may be sued upon before any court

in the name of the corporation, and the moneys collected and held

for the use of the corporation.

SEC. 8. And be it enacted, That the president shall annually

appoint five members of the association who are not members of

the board, as a committee to be known as the "Arbitration com-

Committee

mittee of the builders' exchange of Baltimore city"; the board of

directors may at any time fill any vacancy in said committee for

the remainder of the term in which the vacancy may happen; the

duty of said arbitration committees shall be to. hear and decide

any controversies which may arise in business between the mem-