CHICAGO REAL ESTATE A BOARD A BY-LAWS 1* ■-_ V UNIVERSITY OF ILLINOIS LIBRARY class 5 ^^ Book Volume 'r ■ Mr 10-20 M Articles of Incorporation and By-Laws of The Chicago Real Estate Board Incorporated A. D. 1883 33 ^ 0 , 432.0 Articles of Incorporation. STATE OF ILLINOIS. Department of State. Henry D. Dement, Secretary of State. To whom these Presents shall come, Greeting: Whereas, A certificate duly signed and acknowledged having been filed in the office of the Secretary of State on the 21 St day of February, A. D. 1883, organzation of The Chicago Real Estate and Renting Agents’ Association under and in accordance with the provisions of “An act con¬ cerning corporations.” Approved April 18, 1872, and in force July I, 1872, a copy of which certificate is hereto attached. Now, therefore, I, Henry D. Dement, Secretary of State of the State of Illinois, by virtue of the powers and duties vested in me by law, do hereby certify that the said The Chicago Real Es¬ tate AND Renting Agents’ Association is a legally organized corporation under the laws of this State. In testimony whereof, I hereunto set my hand and cause to be fixed the great seal of State. Done at the City of Springfield this twenty-first day of February, in the year of Our Lord one thousand eight hundred and eighty-three, and of the independence of the United States the one hundred and seventh. , Henry D. Dement, [seal.] Secretary of State. 2 X oJ r- O STATE OF ILLINOIS, Cook County. To Henry D. Dement, Secretary of State: We, the undersigned, William L. Pierce, William A. Meri- gold and Edmund A. Cummings, citizens of the United States, propose to form a corporation under an act of the General As¬ sembly of the State of Illinois, entitled “An Act Concerning Corporations,” approved April i8, 1872, and all acts amenda¬ tory thereof; and that for the purpose of such organization we hereby state as follows, to-wit: 1. The name of such corporation is The Chicago Real Es¬ tate AND Renting Agents’ Association. 2. The object for which it is formed is to secure more sys¬ tem and uniformity in the renting, care and management of real estate in the City of Chicago; to better protect and promote the interests of those entrusting property to their care; to protect themselves and their clients against dishonest and immoral ten¬ ants, and to generally correct existing abuses and prevent their future occurrence. 3. The management of the aforesaid Association shall be vested in an Executive Committee of three (3). 4. The following persons are hereby selected as the Direc¬ tors to control and manage said corporation for the first year of its corporate existence, viz.: William L. Pierce, William A. Meri- gold and Edmund A. Cummings. 5. The location is in the City of Chicago in the County of Cook, State of Illinois. [Signed] William L. Pierce, William A. Merigold, Edmund A. Cummings. STATE OF ILLINOIS, County of Cook. I, Robert C. Givins, a Notary Public in and for the said Cook County, and State aforesaid, do hereby certify that on this 19th day of February, A. D. 1883, personally appeared before me, William L. Pierce, William A. Merigold and Edmund A. Cummings, personally known to me to be the same persons who executed the foregoing statement, and severally acknowledged that they had executed the same for the purpose therein set forth. In witness whereof, I have hereunto set my hand and seal the day and year above written. 3 p • 2 ) [seal.] Robert C. Givins, Notary Public. CERTIFICATE Of Change of Name and Object of **The Chicago R. E. & R. A. Association/* Filed for Record with the Secret 2 u:y of State, June 18, 1884. OFFICE OF THE CHICAGO R. E. & R. A. ASS’N. Chicago, Ill., June i8, 1884. To Hon. Henry D. Dement, Secretary of State: We hereby certify that at a regular meeting of the Chicago Real Estate and Renting Agents’ Association, held at their rooms, 159 and 161 La Salle street, Chicago, Cook County, Illinois, on the 4th day of June, 1884, pursuant to notice, in the following manner, to wit: by mailing to each of the members of said cor¬ poration on the 28th day of May, 1884, a written notice properly addressed, stating the object of said meeting, and the time and place when and where it would be held, the following questions were submitted to the members for their action: To amend the Article of Incorporation by striking out Articles one (i) and two (2), and substituting for Section one (i) to wit: The name of such corporation is “The Chicago Real Estate Board,” and for Section two (2) to wit: The object for which this Asso¬ ciation is formed is to enable its members to transact their busi¬ ness, connected with the buying, selling, renting and caring for real estate, and the loaning of money upon the same to better advantage than heretofore, by the adoption of such rules and regulations as they may deem proper, and by enabling them to take united action upon such matters as may be deemed for the common good, and by such other means as may be determined upon by its members, which resolutions were adopted by a ma¬ jority of the members present at said meeting. Witness our hands and the seal of said corporation this 18th day of June, A. D. 1884. Henry C. Morey, President, [seal.] W. P. Smith, Acting Secretary. STATE OF ILLINOIS, ) V ss Cook County. ^ Henry C. Morey, being duly sworn, on oath says that he is President of The Chicago Real Estate and Renting Agents’ Asso¬ ciation, and that he has read the foregoing certificate and knows the contents thereof, and that the facts therein stated and set forth are true. Henry C. Morey, President. Subscribed and sworn to before me this nineteenth day of June, A. D. 1884. [seal.] William L. Pierce, Notary Public. 4 Chicago, December 30th, 1898. To Hon. James A. Rose, Secretary of State: We hereby certify that at the adjourned annual meeting of The Chicago Real Estate Board, held at their rooms, 59 Dear¬ born street, Chicago, Cook County, Illinois, on the 28th day of December, 1898, the following motion was unanimously adopted: That Section three (3) of the Articles of Incorporation be and it is hereby amended so as to read as follows: 3. The Management of the aforesaid Association shall be vested in a Board of Directors, five in number, of whom the President and Secretary shall be ex-oificio members and the three other members shall be elected in such manner, at such times and places, and for such periods, as may be provided by the by¬ laws. Witness our hands and the seal of said corporation this 30th day of December, A. D. 1898. Joseph Donnersberger, President. [seal.] Oscar A. Lewis, Secretary. STATE OE ILLINOIS, County of Cook. Joseph Donnersberger, being duly sworn, on oath says that he is President of the Chicago Real Estate Board and that he has read the foregoing certificate and knows the contents thereof, and that the facts therein stated and set forth are true. Joseph Donnersberger. Subscribed and sworn to before me this thirtieth day of December, A. D. 1898. [seal.] Herbert A. Cole, Notary Public. 5 OFFICERS AND COMMITTEES. 1910. President JOHN F. WALLACE Vice-President NELSON THOMASSON Secretary WILLIAM D. COUSIN Treasurer AARON B. MEAD Board of Directors. Bertram M. Winston Gordon Strong Roy E. Tabor John F. Wallace, Ex-Officio William D. Cousin, Ex-Officio Valuation Committee. George L. Warner Charles D. Richards Frank G. Hoyne J. Fred McGuire Edgar M. Snow. Public Service Committee. South Side—Hubert E. McCormick Oscar P. Erskine West Side—Ernest Woltersdorf Frank G. Hajicek George Beidler North Side—Benjamin A. Fessenden Robert C. Butzow Membership Committee Edwin F. Getchell Joseph W. Cremin Albert H. Wetten Benjamin R. DeYoung Valentine H. Surghnor Henry H. Banford Oscar H. Haugan George F. Liebrandt Arthur W. Draper Auction Committee Ayres Boal William G. Booth Buckingham Chandler Chester C. Broomell Frank M. Smith Reference and Arbitration Committee. Eugene H. Fishburn Robert E. Ismond Joseph K. Brittain William D. McKey James A, McLane Industrial Location Committee. James H. Van Vlissingen J. Milton Trainer Walter Mills James W. Hedenberg Henry H. Walker Renting Business Committee. Harry J. Farnham Eugene A. Bournique Charles O. Goss Robert L. Davis James J. Harrington, Jr. Robert P. Walker John A. Carroll Mortgage Loan Committee. Arnold Holinger Henry A. Knott Russell D. Hill John E. Colnon E. Orris Hart Library Committee George B. McBean John H. Trumbull Arthur C. Kussman Committee on Legislation. Wyllys W. Baird George Birkhoff, Jr. Joseph Donnersberger Edward A. Halsey Edmund A. Cummings Walter D. Oliver William H. Mulholand Edward M. Willoughby Joseph B. Woodruff OFFICERS AND COMMITTEES. 1909. President ALBERT H. WETTEN Vice-President RUSSELL D. HILL Secretary WILLIAM D. COUSIN Treasurer JOHN E. COLNON Board of Directors. Robert P. Walker Bertram M. Winston John P. Wallace Albert H. Wetten, Ex-Officio William D. Cousin, Ex-Officio Membership Committee Marvin A. Farr Valentine H. Surghnor Edwin P. Getchell James A. McLane Gordon Strong Charles H. Mulliken Walter Mills Henry G. Foreman Edgar M. Snow Valuation Committee. William D. Kerfoot Frank G. Hoyne Charles O. Goss Charles D, Richards George L. Warner. Public Service Committee. West Side—Edward C. Waller Charles A. Lang W. Gray Brown South Side—Oscar P. Erskine Walter C. Gunn North Side—John McConnell Edward G. Pauling Call Board Committee. Willard T, Orr Ayres Boal Buckingham Chandler Charles A. Wightman E. Percy Maynard Reference Committee. John B. Knight Frank M. Elliott Adolph F. Kramer. Committee on Industrial Locations. Stephen B. Mills. Ernest Woltersdorf Wallace L. DeWolf James H. Van Vlissingen Louis A. Seeberger Mortgage Loan Committee. Arthur W. Draper James L. Houghteling Arnold Holinger Henry H. Banford Russell D. Hill Eugene A. Bournique George B. McBean William G. Booth Arthur T. Aldis Robert C. Butzow Isaac F. Rubel C. W. Dyniewicz Wyllys W. Baird Chester C. Broomell George S. Eddy Renting Business Committee. Aaron B. Mead Adolph F. Kramer Harry J. Parnham Buckingham Chandler Frank M. Smith Edward C. Waller, Jr. Robert Berry Ennis 7 OFFICEES AND COMMITTEES. 1908. President EDWIN F. GETCHELL Vice-President BERTEAM M. WINSTON Secretary ROY B. TABOR Treasurer ADOLPH F. KRAMER Board of Directors. Edward A. Halsey Robert P. Walker Albert H. Wetten Edwin F. Getchell, Ex-Officio Roy B. Tabor, Ex-Officio Valuation Committee. Robert C. Butzow Russell D. Hill Walter Mills William D. Kerfoot Charles O. Goss Public Service Committee. South Side—William Scott Bond J. Milton Trainer North Side—Arnold Holinger Godfrey Schmid West Side—Julius A. Wendell Oliver L. Watson Edward C. Waller Membership Charles D. Richards William A. Bond Henry A. Knott George L. Warner Committee George Birkhoff, Jr. Robert E. Ismond Prank G. Hoyne Edward S. Judd Marvin A. Farr Call Board Committee. George A. Seaverns, Jr. Thomas H. Willis Joseph B. Woodruff Frank G. Hajicek Willard T. Orr Reference Committee. Joseph Donnersberger Valentine H. Surghnor John B. Knight Committee on Industrial Locations. James H. Van Vlissingen James W. Hedenberg Henry H. Walker Isaac F. Rubel Stephen B. Mills Renting Business Committee. Harry J. Parnham Ivan O. Ackley Eugene A. Bournique George F. Eiebrandt William O. Trainer Frederick W. Grapperhaus Aaron B. Mead Mortgage Loan Committee. Edward G. Pauling John E. Colnon Benjamin R. DeYoung Joseph W. Cremin George H. High George W. Cobb Buckingham Chandler Arthur W. Ayres Boal Francis E. Broomell Walter D. Oliver Henry Lesch Patrick F. McCarthy Charles J. Driever John H. Trumbull Draper 8 OFFICERS AND COMMITTEES. 1907. President EDWARD S. JUDD Vice-President GORDON STRONG Secretary FRANCIS E. BROOMELL Treasurer AYRES BOAL Board of Directors. J. Fred McGuire Edward A. Halsey Robert P. Walker Edward S. Judd, Ex-Officio Francis E. Broomell, Ex-Officio Valuation Committee. Walter Mills Ernest Woltersdorf E. Orris Hart Russell D. Hill Robert C. Butzow Public Service Committee. North Side—Callistus S. Ennis Nelson Thomasson South Side—William Scott Bond James A. McLane West Side—Julius A. Wendell C. W. Dyniewicz Louis Thorsen Membership Committee Walter C. Gunn William C. Heineman Charles D. Richards John F. Wallace Benjamin A. Fessenden Oscar P. Erskine Adolph F. Kramer Edward C. Waller, Jr. Edward M. Willoughby. Call Board Committee. George A. Seaverns Arthur W. Draper J. Milton Trainer William D. Cousin Buckingham Chandler. Reference Committee. George S. Eddy Joseph Donnersberger Marvin A. Farr. Committee on Industrial Locations. James H. Van Vlissingen John H. Trumbull Eugene H. Fishburn Robert E. Ismond Edward W. Zander Renting Business Committee. Benjamin R. DeYoung William G. Booth Harry J. Farnham William K. Young John A. Carroll Philip L. Marshall Adolph F. Kramer Mortgage Loan Committee. Joseph K. Brittain Arthur Heurtley Edward G. Pauling Moses E. Greenebaum Edgar M. Snow Oscar H. Haugan Aaron B. Mead Arnold Holinger Russell D. Hill John C. Fetzer Frank M. Elliott Wyllys W. Baird Henry S. Dietrich Willis G. Stoughton John E. Colnon 9 OFFICERS AND COMMITTEES. 1906. President FRANK G. HOYNE Vice-President JAMES A. McLANE Secretary ROBERT BERRY ENNIS Treasurer DAVID M. ERSKINE Board of Directors. Charles O. Goss J. Fred McGuire Edward A. Halsey Frank G. Hoyne, Ex-Officio Robert Berry Ennis, Ex-Officio Valuation Committee. Wyllys W. Baird Marvin A. Farr Callistus S. Ennis E. Orris Hart Ernest Woltersdorf Public Service Committee. North Side—Gordon Strong William J. Lukens South Side—Seymour Morris Benjamin R. DeYoung West Side—Julius A. Wendell Francis E. Broomell W. Gray Brown Membership Committee George H. Taylor William Scott Bond Walter C. Gunn Oscar P. Erskine Edwin F. Getchell George B. McBean Buckingham Chandler John E. Colnon Howell N. Tyson Call Board Committee. George A. Seaverns Arthur W. Draper Isaac F. Rubel William D. Cousin John A. Carroll Reference Committee George S. Eddy Frank M. Elliott George W. Cobb Committee on Industrial Locations. Bertram M. Winston Robert E. Ismond William Ogden Green Ward T. Huston Willis G. Stoughton Renting Business Committee. Frank M. Smith Henry H. Banford William D. McKey J. Milton Trainer Oscar A. Lewis Ayres Boal George A. Seaverns Mortgage Loan Committee. Edgar M. Snow Moses E. Greenebaum Joseph K. Brittain George II. High Aaron B. Mead Oscar H. Haugan Edward S. Judd Arnold Holinger Arthur T. Aldis Robert P. V^alker Henry S. Dietrich Louis A. Seeberger Henry A. Knott John C. Fetzer 10 OFFICERS AND COMMITTEES. 1905. President CHARLES D. RICHARDS Vice-President EDWARD S. JUDD Secretary HENRY H. HANFORD Treasurer OSCAR H. HAUGAN Board of Directors. Frank G. Hoyne Charles O. Goss Chas. D. Richards, Ex-Officio J. Fred McGuire Henry H. Hanford, Ex-Officio Valuation Committee. George Hirkhoff, Jr. Marvin A. Farr John H. Knight Wyllys W. Haird Callistus S. Ennis Public Service Committee. South Side—James G. Trainer Henry S. Dietrich North Side—Gordon Strong Henry A. Knott West Side—Edmund A. Cummings Robert C. Hutzow Ernest Woltersdorf Membership Committee Eenjamin A. Fessenden Harry J. Farnham John F. Wallace George H. Taylor George H. McHean Robert Derry Ennis Hertram M. Winston William J. Lukens Adolph F. Kramer Call Board Committee. Isaac F. Rubel Walter D. Oliver James A. McLane Charles J. Driever Charles A. Lang Reference Committee. Eugene H. Fishburn Francis A. Barnes Nelson Thomasson Committee on Industrial Locations. Robert E. Ismond Robert P. Walker Robert C. Givens Joseph K. Brittain Oscar P, Erskine Renting Business Committee. William D. McKey John A. Carroll Eugene A. Bournique Louis Thorsen E. Orris Hart Frank M. Smith George L. Warner Mortgage Loan Committee. Joseph Donnersberger Benjamin R. DeYoung Edgar M. Snow James L. Houghteling Henry G. Foreman Willis G. Stoughton John E. Colnon Moses E. Greenebaum J. Lewis Cochran Russell D. Hill Howell N. Tyson Frank E'. Spooner Ayres Boal 11 OFFICERS AND COMMITTEES. 1904. President ROBERT E. ISMOND Vice-President WALTER MILLS Secretary J. FRED McGUIRE Treasurer FRANK M. ELLIOT Board of Directors. Callistus S. Ennis Frank G. Hoyne Charles O. Goss Robert E. Ismond, Ex-Ofl&cio J. Fred McGuire, Ex-Officio Valuation Committee. Edgar M. Snow Benj. R. DeYoung Henry S. Dietrich John B. Knight George Birkhoff, Jr. Public Service Committee. North Side—Horace A. Goodrich Henry H. Banford South Side—Marvin A. Farr Isaac F. Rubel West Side—Louis A. Seeberger Charles A. Lang David J. Kennedy Membership Committee F. A. Henshaw Julius A. Wendell Wm. Heineman Wm. D. McKey George H. Taylor Louis Thorsen Benjamin A. Fessenden Oscar P. Erskine James A. McLane Willis G. Stoughton William AT. Merigold Call Board Committee. Walter D. Oliver Howell N. Tyson John A. Carroll Reference Committee. Charles H. Mulliken Eugene H. Fishburn Edwin F. Getchell Industrial Location Committee. John T. Boddie Francis A. Barnes Robert C. Givens John C. Fetzer Wallace L. DeWolf Mortgage Loan Committee. Wyllys W. Baird Moses E. Greenebaum Robert C. Butzow James L. Houghteling Russell D. Hill John E. Colnon Charles D. Richards Edward G. Pauling Oscar H. Haugan Joseph Donnersberger J. Lewis Cochran Edward S. Judd George W. Cobb Henry A. Knott E. Norman Scott Renting Business Committee. George L. Warner Arthur W. Draper Buckingham Chandler Seymour Morris E. Orris Hart William K. Young Frank M. Smith 12 OFFICERS AND COMMITTEES. 1903. President WYLLYS W. BAIRD Vice-President VALENTINE H. SURGHNOR Secretary JAMES A. McLANE Treasurer RUSSELL D. HILL Board of Directors. Edward S. Judd Callistus S. Ennis Frank G. Hoyne Wyllys W. Baird, Ex-OflEicio Janies A. McLane, Ex-Officio Valuation Committee. William D. Kerfoot Edgar M. Snow Charles O. Goss Henry S. Dietrich Benjamin R. DeYoung Public Service Committee. West Side—Francis A. Barnes E. Woltersdorf Remain M. Conger North Side—Horace A. Goodrich William J. Lukens South Side—William D. McKey Oscar P. Erskine Membership Committee Charles L. Hammond Frank A. Henshaw E. Norman Scott Francis E. Broomell J. Fred McGuire David M. McLean Jos. W. Cremin John T. Boddie John T. Brown Call Board Committee. Walter C. Gunn George H. Taylor John E. Colnon James G. Trainer Oliver L. Watson Reference Committee. Henry A. Knott Charles H. Mulliken Edward A. Halsey Committee on Industrial Locations. Edmund A. Cummings Robert E. Ismond Robert P. Walker Walter Mills James H. Van Vlissingen 13 OFFICERS AND COMMITTEES. 1902. President LOUIS A. SEEBERGEE Vice-President S. WILMER CANNELL Secretary E. ORRIS HART Treasurer E. NORMAN SCOTT Board of Directors. J. Lewis Cochran Edward S. Judd Callistus S. Ennis Louis A. Seeberger, Ex-OfiBlcio E. Orris Hart, Ex-Officio Valuation Committee. William A. Bond George H. High Charles O. Goss William D. Kerfoot Wyllys W. Baird Public Service Committee. North Side—Edward A. Halsey James W. Hedenberg South Side—Frank G. Hoyne Frank M. Smith West Side—Francis A. Barnes Oscar A. Lewis William W. Weare Membership Committee Remain M. Conger Charles L. Hammond Harry W. Christian Charles R. Calkins George S. Eddy E. Percy Maynard Russell D. Hill George A. Rose William J. Lukens Call Board Committee. Eugene A. Bournique Walter C. Gunn Bertram M. Winston Samuel Polkey David M. McLean Reference Committee. James H. Van Ylissingen Henry A. Knott Horace A. Goodrich Committee on Industrial Locations. Robert E. Ismond Edmund A. Cummings Nelson Thomasson Robert P. Walker Benjamin A. Fessenden 14 OFFICEES AND COMMITTEES. 1901. President HENRY S. DIETRICH Vice-President CHARLES H. MULLIKEN Secretary CALLISTUS S. ENNIS Treasurer EDWARD G. PAULING Board of Directors. Valentine H. Surghnor J. Lewis Cochran Edward S. Judd H. S. Dietrich, Ex-Officio C. S. Ennis, Ex-Officio Valuation Committee. Jos. Donnersberger Francis A. Barnes William A. Bond George H. High Willis G. Jackson Public Service Committee. North Side—Edward A. Halsey John C. Fetzer South Side—Frank A. Henshaw Edwin F. Getchell West Side—Ed. C. Waller John T. Donlan Ernest Woltersdorf Membership Committee Benjamin R. DeYoung Romain M. Conger Philip L. Marshall E, Orris Hart Charles O. Goss Otto Kubin Thomas H. Kelley Joseph K. Brittain Wm. H. Cairnduff Call Board Committee. George S. Eddy Eugene A. Bournique E. Percy Maynard Frank M. Elliot Godfrey Schmid Reference Committee. Frank R. Chandler Jas. H. Van Vlissingen Paul O. Stensland Committee on Industrial Locations. Robert E. Ismond Nelson Thomasson Edmund A. Cummings Benjamin A, Fessenden Robert P. Walker 15 OFFICERS AND COMMITTEES. 1900. President GEORGE L. WARNER Vice-President EDGAR M. SNOW Secretary ALBERT E. G. GOODRIDGE Treasurer EARL L. HAMBLETON Board of Directors. Henry S. Dietrich Valentine H. Surghnor J. Lewis Cochran George L. Warner, Ex-OflS.cio Albert E. G. Goodridge, E'x-Officio Valuation Committee. Henry A. Knott Louis A. Seeberger Jos. Donnersberger S. Wilmer Cannell Francis A. Barnes Public Service Committee. South Side—^Jas. B. Galloway W. L. DeWolf North Side—Edward S. Judd Bertram M. Winston West Side—Reuble M. Outhet Edward C. Waller George A. Rose Membership Committee Charles H. Merritt Isaac F. Rubel Horace E. Hurlbut E. Norman Scott James W. Hedenberg Benjamin R. DeYoung Ernest Woltersdorf Edward A. Halsey James A. McLane Call Board Committee. Charles O. Goss George S. Eddy Frank G. Hoyne Thomas H. Kelley John N. Young Reference Committee. John H. Trumbull Frank R. Chandler Samuel Polkey 16 OFFICERS AND COMMITTEES. 1899. President JOSEPH DONNERSBEEGEE Vice-President HENEY G. FOREMAN Secretary OSCAR A. LEWIS Treasurer ARTHUR HEURTLEY Executive Committee Robert E. Ismond, Henry S. Dietrich Robert C. Butzow Valuation Committee. William D. Kerfoot Henry A. Knott Marvin A. Farr Eugene H. Fishburn Louis A. Seeberger Public Service Committee. South Side—Frank Wells Frank E. Spooner North Side—James H. Van Vlissingen Edward G. Pauling West Side—E. Woltersdorf Francis A. Barnes Albert J. Stone Membership Committee Albert E. G. Goodridge James A. McLane Benjamin F. Ray Charles H. Merritt Sam’l Brown, Jr. Frank M. Smith Eugene A. Bournique Bernard F. Weber William W. Weare. Call Board Committee. Walter C. Gunn Charles O. Goss E. Norman Scott August Tidholm George A. Rose Reference Committee Edward W. Zander John H. Trumbull Robert P. Walker 17 OFFICERS AND COMMITTEES. 1898. President HENRY A. KNOTT Vice-President GEORGE L. WARNER Secretary JAMES W. HEDENBERG Treasurer S. WILMER CANNELL Executive Committee James B. Galloway Robert E. Ismond John T. Donlan Valuation Committee. William A. Bond George Birkhoff, Jr. Edmund A. Cummings Eugene H. Fishburn Marvin A. Farr Public Service Committee. North Side—Charles H. Mulliken Franklin H. Boland South Side—Malcom McNeill Frank M. Smith West Side—Willis G. Jackson Francis A. Barnes William W. Weare Membership Committee Benj. R. DeYoung Fred S. Oliver Godfrey Schmid Wm. H. Cairnduff Wm. J. Albert E. G. Goodridge Philip L. Marshall Charles R. Calkins Isaac F. Rubel Lukens Call Board Committee Russell D. Hill Walter C. Gunn Callistus S. Ennis James A. McLane Jacob F. Rehm Reference Committee Wm. Ogden Green Edward W. Zander Benj. A. Fessenden 18 OFFICERS AND COMMITTEES. 1897 . President MARVIN A. FARR Vice-President HENRY S. DIETRICH Secretary CUTHBERT W. LAING Treasurer FRANCIS A. BARNES Executive Committee George H. High James B. Galloway Earl L. Hambleton Valuation Committee. Edgar M. Snow Dunlap Smith Edmund A. Cummings William A. Bond George Birkhoff, Jr. Public Service Committee. North Side—S. Wilmer Cannell Samuel Brown, Jr. South Side—George L. Warner Walter H. Wilson West Side—Oscar A. Lewis Ernest Woltersdorf Otto Kubin Membership Committee Lyman Baird Henry A. Knott David J. Kennedy B. R. DeYoung Robert C. Givins Edwin F. Getchell Silas M. Moore Nelson Thomasson Dudley Winston John L. Manning Isaac F. Rubel Samuel E. Gross Call Board Committee Russell D. Hill Samuel Delamater Frederick S. Oliver Reference Committee William Ogden Green Charles B. Rice 19 OFFICERS AND COMMITTEES. 1896. President GEORGE BIRKHOFF, Jr. Vice-President JOHN B. KNIGHT Secretary EARL L. HAMBLETON Treasurer CHARLES L. HAMMOND Executive Committee Valentine H. Surghnor George H. High Albert E. G. Goodridge Valuation Committee. J. H. Van Vlissingen Robert P. Walker B. A. Fessenden Dunlap Smith Edgar M. Snow Public Service Committee. South Side—George L. Warner E. F. Getchell North Side—John McConnell J. Lewis Cochran West Side—Paul O. Stensland Albert J. Stone J. C. Magill Membership Committee Charles B. Rice Lyman Baird Eugene H. Fishburn Willis G. Jackson Henry L. Turner (Resigned) E. S. Dreyer Henry S. Dietrich (Appointed to fill Vacancy) Josiah L. Lombard Walter H. Wilson William A. Bond Call Board Committee Horace E. Hurlbut John L. Manning John T. Donlan Cuthbert W. Laing Wm. J. Lukens Reference Committee Marvin A. Farr S. E. Gross Edward W. Zander 20 OFFICEES AND COMMITTEES. 1895. President DUNLAP SMITH Vice-President SILAS M. MOOEE Secretary W. H. CAIRNDUFF Treasurer WM. OGDEN GREEN Executive Committee S. Wilmer Cannell Valentine H. Surghnor Edward W. Zander Valuation Committee. Henry A. Knott John B. Knight Robert P. Walker Benjamin A. Fessenden James H. Van Vlissingen Public Service Committee. South Side—Charles L. Hammond Frank C. Vierling North Side—Wyllys W. Baird David M. Erskine, Jr. West Side—Paul O. Stensland James W. Hedenberg Albert E. G. Goodridge Membership Committee Frank A. Henshaw Charles B. Rice Robert C. Butzow Frank Wells Charles Henry S. Dietrich Walter C. Gunn James F, McCabe Fred E. Eldred L, Bonney Call Board Committee Horace E. Hurlbut John H. Curtis Walter H. Wilson James P. Mallette Ortman W. Crawford Reference Committee Josiah L. Lombard Marvin A. Farr J. Lewis Cochran 21 OFFICERS AND COMMITTEES. 1894 . President EUGENE H. FISHBURN Vice-President ROBERT C. GIVINS Secretary V. H. SURGHNOR Treasurer HELGE A. HAUGAN Executive Committee Marvin A. Farr (Resigned) Dunlap Smith Benjamin A. Fessenden (Elected to fill Vacancy) Louis A. Seeberger Valuation Committee. Nelson Thomasson V/. W. Baird B. R. DeYoung Henry A. Knott John B. Knight Public Service Committee. E. A. Cummings H. S. Dietrich William Preston Harrison W. H. Cairnduff Charles L. Hammond James P. Mallette E. W. Zander Robert P. Walker F. A. Henshaw J. A. Bartlett John Wain Membership Committee James Hood Ed. D. Wheelock E. Percy Maynard E. L. Hambleton Jacob Rehm Call Board Committee John F. Cremin William Coffeen Edgar M. Snow Frank E. Ballard Harry W. Christian Reference Committee Henry G. Foreman Josiah L. Lombard Jas. B. Galloway 22 OFFICEES AND COMMITTEES. 1893. President WILLIAM A. BOND Vice-President WALTER H. WILSON Secretary EDWIN REED (resigned). LOUIS A. SEEBERGER (Elected to fill vacancy.) Treasurer WILLIAM HEINEMANN Executive Committee Marvin A. Farr, Chairman. Charles L. Hammond John H. Trumbull Valuation Committee. Geo. Birkhoff, Jr., Chairman Nelson Thomasson Chas. H. Mulliken Benj. R. DeYoung Wyllys W. Baird Public Service Committee. Geo. M. Bogue, Chairman Edward S. Dreyer Edmund A. Cummings Byron A. Baldwin Joseph Donnersberger William L. Pierce Eugene H. Fishburn Membership Committee Francis A. Barnes, Chairman A. E. G. Goodridge Robert P. Walker Samuel D. Walden Elmer Dwiggins Arthur C. Gehr Malcom McNeill William Coffeen A. J. Montague Call Board Committee John F. Cremin William A. Merigold Jas. H. Van Vlissingen Frank Riedle John L. Manning Reference Committee Henry A. Knott James P. Mallette Helge A. Haugan 23 OFFICERS AND COMMITTEES. 1892 . President E. S. DREYER Vice-President F. A. HENSHAW Secretary C. L. HAMMOND Treasurer BENJAMIN A. FESSENDEN Executive Committee W. W. Baird Bruce B. Barney J. H. Trumbull D. M. Erskine, Jr. C. H. Mulliken H. W. Christian Wm. A. Merigold Membership Committee F. A. Barnes H. S. Dietrich F. M. Elliot R. D. Hill Carter H. Harrison, Jr. A. B. Mead Reference Committee H. A. Haugan E. S. Hawley Call Board Committee Nelson Thomasson John L. Manning B. R. DeYoung James B. Galloway J. Robson Weddell Valuation Committee. Willis G. Jackson Joseph Donnersberger E. H. Fishburn William A. Bond Geo. Birkhoff, Jr. Public Service Committee. R. L. Martin Walter H. Wilson Wm. L. Schrader H. V. Seymour Geo. M. Bogue P. O. Stensland Frank Riedle 24 OFFICERS AND COMMITTEES. 1891 . President JOSIAH L. LOMBARD Vice-President EDWIN F. GETCHELL Secretary ROBERT P. WALKER Treasurer SAMUEL E. GROSS Executive Committee F. A. Henshaw Wyllys W. Baird Byron A. Baldwin Membership Committee V. H. Surghnor John V. Hair D. M. Erskine, Jr. J. H. Trumbull Wm. Preston Harrison Dunlap Smith W. F. Lubeke A. H. Wilson Marvin A. Farr Reference Committee John B. Knight A. B. Mead M. R. Barnard Call Board Committee C. L. Hammond C. L. Bonney Nelson Thomasson Chas. E. Rand F. M. Elliott Valuation Committee. George M. Bogue Willis G. Jackson Frank R, Chandler Eugene H. Fishburn Joseph Donnersberger Public Service Committee. E. S. Dreyer B. R. DeYoung Jas. L. Houghteling John Wain Wm. R. Kerr A. J. Stone George Birkhoff, Jr. 25 OFFICERS AND COMMITTEES. 1890 . President WILLIS G. JACKSON Vice-President GEO. BIRKHOFE, Jr. Secretary C. U. GORDON Treasurer HENRY A. KNOTT Geo. L. Warner Executive Committee F. A. Henshaw C. H. MuUiken Edgar M. Snow Membership Committee Geo. J. Morey V. H. Surghnor Wm. Loeb Jas. L. Houghteling L. E. Ingalls B. R. De Young J. L. Manning B. A. Baldwin B. F. Jacobs Reference Committee John B. Knight Wm. L. Schrader R. C. Givins C. L. Hammond Call Board Committee Marvin A. Farr Pleasant Amick Robert P. Walker E. F. Getchell E. S. Dreyer Valuation Committee. Wm. L. Pierce Geo. M. Bogue F, R. Chandler Public Service Committee. Wm. A. Bond John McConnell Joseph Donnersberger E. A. Cummings A. L. Coe H. S. Dietrich Wm. Heinemann 26 OFFICERS AND COMMITTEES. 1889 . Willis G. Jackson Edgar M. Snow S. M. Parish D. S. Place J. L. Lombard Wm. D. Kerfoot R. W. Hyman, Jr. H. L. Turner P. A. Henshaw R. C. Givins President GEO. M. BOGUE Vice-President AARON B. MEAD Secretary ARTHUR C. GEHR Treasurer BENJ. L. PEASE Executive Committee Geo. L. Warner J. A. Bartlett Membership Committee D. R. McAuley J. N. Young John V. Hair V. H. Surghnor Reference Committee B. F. Jacobs Nelson Thomasson Valuation Committee. H. C. Morey Wm. L. Pierce E. F. Getchell E. S. Dreyer Call Board Committee Percy W. Palmer D. M. Erskine, Jr. E'. W. Zander 27 OFFICERS AND COMMITTEES. 1888. President HENRY L. TURNER Vice-President GEO. M. BOGUE Secretary J. H. VAN VLISSINGEN Treasurer M. E. GREENEBAUM Executive Committee Willis G. Jackson E. F. Getchell Jos. Donnersberger Call Board Committee F. A. Henshaw D. S. Place D. R. McAuley Pleasant Amick C. L. Hammond Membership Committee Norman T. Gassette E. Goodridge S. M. Parish D. M. Erskine, Jr. B. L. Pease A. G. Garfield C. R. Calkins Reference Committee J. L. Lombard F. R. Chandler J. W. Farlin Valuation Committee. Lyman Baird A. L. Coe E. A. Cummings Wm. D. Kerfoot R. W. Hyman, Jr. 28 OFFICERS AND COMMITTEES. 1887 . President WM. D. KERFOOT Vice-President M. R. BARNARD Secretary E. F. GETCHELL Treasurer GEO. P. BAY Executive Committee Bryan Lathrop Wm. A. Bond Willis G. Jackson Membership Committee Wm. L. Pierce Wm. A. Merigold Norman T. Gassette Nelson Thomasson F. A. Bragg J. H. Van Vlissingen Samuel Polkey Reference Committee George M. Bogue Henry L. Hill Percy W. Palmer Valuation Committee. Henry C. Morey Lyman Baird Ernst Prussing E. A. Cummings A. L. Coe Call Board Committee James M. Marshall C. W. Pierce H. C. Harvey Arthur C. Gehr W. N. Spencer 29 OFFICEES AND COMMITTEES. 1886. President E. A. CUMMINGS Vice-President BRYAN LATHROP Secretary EDGAR M. SNOW Treasurer E. S. DREYER Executive Committee R. W. Hyman, Jr. F. A. Barnes W. L. Pierce Reference Committee vV^m. D. Kerfoot M. R. Barnard Willis G. Jackson Membership Committee F. C. Gibbs E. Goodridge Geo. P. Bay H. W. Hoyt Valuation Committee. J. L. Lombard Ernst Prussing Samuel Gehr Call Board Committee Norman T. Gassette W. W. Baird A. B. Mead J. A. Wilson F. A. Henshaw H. C. Morey Wm. A. Bond C. H. Mulliken C. P. Silva 30 OFFICERS AND COMMITTEES. iC. A. Cummings Wm. L. Pierce F. A. Barnes R. W. Hyman, Jr. H. C. Morey H. C. Morey Wm. A. Bond 1885 . President LYMAN BAIRD Vice-President BRYAN LATHROP Secretary WM. A. MERIGOLD Treasurer F. R. CHANDLER Executive Committee H. W. Hoyt W. H. Thompson Membership Committee A. J, Stone Geo. Birkhoff, Jr. J. A. Wilson E. S. Dreyer Reference Committee A. L. Coe M. R. Barnard Valuation Committee. J. L. Lombard Ernst Prussing Samuel Gehr 31 OFFICERS AND COMMITTEES. 1884 . President HENRY C. MOREY Vice-President W. L. PIERCE Secretary W. P. SMITH Treasurer GEO. L. WARNER Executive Committee E. A. Cummings Henry L. Turner Wm. A. Merigold Membership Committee A. B. Mead F. A. Barnes C. H. Mulliken Reference Committee Lyman Baird Bryan Lathrop H. A. Goodrich 32 OFFICERS AND COMMITTEES. Wm. L. Pierce A. B. Mead Lyman Baird 1883 . President HENRY C. MOREY Vice-President ALBERT L. COE Secretary JAMES M. MARSHALL Treasurer GEO. L. WARNER Executive Committee Wm. A. Merigold, E. A. Cummings Membership Committee C. H. Mulliken J. F. Griffin Reference Committee S. M. Parish J. C. Magill 33 PREAMBLE The object for which this Board is founded is to enable its members to transact their business, connected with the buying, selling, renting and managing of real estate, and the loaning of money thereon, to better advantage than here¬ tofore, by the adoption of such rules and regulations as they may deem proper, as well as to enable them to take united action upon such matters as may be deemed for the common good or otherwise expedient. To carry out this object and for the government of the Board, the following By-Laws have been adopted. 34 BY-LAWS OF dl^tragn Ufal lEatalf Inari ARTICLE I. Section I. Any person wherever residing, or any corporation wherever located, may become a member of this Board as hereinafter provided. The membership of this Board shall be divided into Five (5) Classes, to wit: Those individuals or corporations, whose business Members whole or in part, the sale, renting or manage¬ ment of real estate, or the loaning of money on real estate, may enter as Class A Members. Those individuals or corporations, whose business is, Members whole or in part, the sale, renting or management of real estate, or the loaning of money on real estate, whose principal office is south of Twenty-second Street, west of Ashland Avenue or north of Chicago Avenue, may enter as Class B Members; but such individuals and corporations shall have the right to enter as Class A Members, or later be transferred to said Class as hereinafter provided in Section V, Article I, if they so desire. Any employe of any individual, firm or corporation, Members whose business is, in whole or in part, the sale, rent¬ ing or management of real estate, or the loaning of money on real estate, regardless of whether such individ¬ ual, firm or corporation is a member of this Board or not, and those individuals or corporations engaged in the construction of buildings as employers, as well as insurance brokers or agents, may enter as Class C Members. Class D Members Any individual wherever residing or any corpora¬ tion wherever located, not eligible to membership in Classes A, B or C, may enter as Class D Members. 35 Any individual may be elected an Honorary Member of this Board upon recommendation of the Member¬ ship Committee. Each member shall be required to subscribe to the By-Laws and Rules and Regulations of this Board, by signing the Roll of Members, which shall be kept by the Secretary. Certificates of Membership shall be issued to indivduals and corporations only and not to firms. Each corporation holding membership shall designate which of its officers shall act in its behalf in all matters pertaining to the Board. Such officer shall have the same rights as an individual member of the same Class and shall act until his successor is designated. Section II. Membership The Membership fees and dues for the respective Classes shall be as follows, to wit: Membership fee.$200.00 Class A Dues per year. 30.00 Membership fee. c;o.oo Class B Dues per year. 20.00 Class C Membership fee. 25.00 Dues per year. 12.00 Membership fee. 25.00 Class D ^ ^ Dues per year. 10.00 Honorary There shall be no membership fee or dues Members for Honorary Members. All membership fees shall be paid within thirty (30) ^c^Dues^ days after the applicant has been notified of his or its are payable election, and such applicant shall also at the same time pay the dues for the remainder of the half year in which he or it may be admitted. All dues shall be paid semi-annually, in advance, on or before February ist and August ist of each year, with the exception of the annual dues of Class D Members which shall be paid annually in advance on or before February ist. In case of the death of any member all dues charged against such member, except those payable before death, shall cease as of the date of death. Honorary Members Roll of Members 36 Section III. Rights and Only the class of members designated shall enjoy the Privileges rights and privileges mentioned in the succeeding par- of Members . x • o i.* agraphs of this Section. (ist) To hold the office of President, Vice President, Treas¬ urer or Director. (Class A.) (2d) To have any interest in the assets of the Board. (Class A.) (3d) To serve on the Valuation Committee. (Class A.) (4th) To hold the office of Secretary or to serve on any Standing Committee, except the Valuation Committee. (Classes A and B.) (5th) To vote at any election of Officers, Directors or Standing Committees. (Classes A and B.) (6th) To propose or vote on any By-Law or Rule, or amendment thereto, which concerns the government of the Board or which relates in any way to commissions or other fees herein provided to be charged by the members of this Board for their services. (Classes A and B.) (7th) To serve on Special Committees or vote on any questions other than those above mentioned. (Classes A, B, C and D.) Section IV. „ . Applications for membership shall be in writing signed Applications 1 1 n 1 , 1 • for by the applicant and shall bear the recommendation Membership least two (2) members of the Board who are not Officers of the Board or members of the Membership Com¬ mittee, and such applications shall designate the class under which the applicant desires admission. All applications for membership shall be filed with ^pplicaHons Secretary and by him delivered to the Chairman of the Membership Committee, who shall immediately thereafter call a meeting of his Committee to consider the same. If the applicant shall not have received more than one negative vote, his application shall immediately be posted on the Bulletin in the Board rooms and remain so posted for at least six (6) days, after which time the Secretary shall notify each member of the Board in writing of such application and state when the Membership Committee will meet to hear objections, if any, to 37 admitting the applicant. In no case shall an applicant be ad¬ mitted to Membership who shall have received more than one negative vote in said Committee. After the Membership Committee has passed favor- Action of ably Upon any application it shall, at the next monthly Boavd o/i Applications^^ Special meeting of the Board, report the name of the applicant and the President shall thereupon de¬ clare him or it elected. And any applicant so declared elected shall within thirty (30) days after receiving notice of such elec¬ tion from the Secretary, sign the Roll of Members and pay the membership fee and dues as hereinbefore provided, and in the event of failure so to do the action of the Membership Com¬ mittee and the President on such application shall be null and void. Transfer from one Class to another Section V. Any member who shall cease to be eligible to the Class in which he or it holds membership, may upon appli¬ cation to the Board of Directors and with the approval of the Membership Committee, be transferred from that Class to any other Class to which he or it may be eligible; provided, however, that if such transfer be made to a higher class, such member when transferred shall pay the difference between the membership fees of the respective Classes and any accrued dues, but no rebate of any part of either membership fee or dues which he or it may have paid up to the time of transfer, shall be made in case the transfer be to a lower class. The dues under the new classification shall commence with the date of transfer; provided, further, that if a member shall cease to be eligible to the Class in which he holds membership, and shall not make application for transfer to a Class to which he is eligible, the Board of Directors, with the approval of the Membership Committee, may, of its own motion, cause same to be made after having first given such member thirty (30) days’ notice in writ¬ ing of its intention so to do. Section VI. ^ ^ . Certificates of Membership in Classes A, B and C only, Transfer of ^ r ■, nr i ^ • Certificates shall be transferable on approval of the Membership ». Committee and the pavment of a Registration fee Membership ^ ^ ^ ^ a tvti of Twenty-five dollars for a Class A Membership and Five dollars for Classes B and C, which fee shall be paid 38 to the Secretary of the Board; provided, that the Board of Direc¬ tors shall first have the right to purchase any certificate at the price at which a sale and transfer is proposed. Tenders of cer¬ tificates to the Board of Directors shall be in writing and shall give the name of the prospective purchaser and the price offered, a record of which shall be kept by the Board of Directors, but no Certificate of Membership shall be transferred until the dues and any other indebtedness to the Board charged against such membership shall first have been paid. Section VII. Any member in arrears for dues or any other indebt- Suspension edness to the Board for a period of Ninety (90) days for^eft^lt^ after demand has been made for payment thereof by in Dues the Board of Directors, shall be suspended by said Directors from the privileges of this Board, and due notice of such suspension shall be posted in the Board rooms and printed in The Chicago Real Estate Board Bulletin, which is hereby declared to be the official publication of this Board. If said indebtedness be not paid within ten (10) days after such notice is posted and printed as above provided, such member shall be expelled by said Directors. Section VIII. When dues or other indebtedness payable to this Sale of Board from any Class A, B or C Member shall Membership from the time when the for default same becomes due, then the Membership certificate of such defaulting member shall be offered for sale to the highest bidder for cash, by the Secretary of the Board, after giving ten (10) days’ notice of the time and place of such intended sale by posting in the Board rooms and publishing in the Bulletin. Should no bid be made high enough to cover all indebtedness of the member whose certificate of membership is so offered, then such certificate shall be bid in by the Treasurer and cancelled and shall be accepted in full payment of all indebt¬ edness to the Board under such membership. When the dues of any Class D Member shall be Default in unpaid for one year from the time same becomes due, D Members Board of Directors may drop such member from the Roll and cause the Secretary to give him or it notice of such action. 39 Section IX. Reinstate- Upon written application for reinstatement to mem- ^embership Class A, B or C Member whose cer¬ tificate of membership has been bought in by the Treasurer, or of any Class D Member who has been dropped from the Roll as hereinbefore provided, such application shall be referred to the Membership Committee and shall be treated by such Committee in the same manner as original applications. (See Section 4, Article L) If said Committee shall report in favor of reinstatement, then such Member shall, upon approval of the Board of Directors, be reinstated upon payment of all dues and other indebtedness for which such membership was sold or dropped and all dues since accrued. Section X. Members of this Board may be expelled for unpro- Expuhion fessional conduct, unscrupulous dealings or for any Membership cause. Complaint against a member shall be in writing addressed to the President, which shall by him be referred to the Reference and Arbitration Committee for immediate investigation, the result of which shall be submitted by said Committee to the Board, with its recommendation, at the next monthly meeting or at any special meeting called for that purpose, whereupon the member may be expelled by a two-thirds (2/3) vote of the members present and entitled to vote, one week’s previous notice that the complaint is to be heard having first been given by the Secretary to the members of the Board, and upon being so expelled the membership certificate of such member shall be forfeited to the Board. ARTICLE II. Officers Section I. The Officers of this Board shall be a President, Vice- President, Treasurer and Secretary, and they shall be elected annually to serve one year, or until their respective suc¬ cessors are duly elected and qualified in accordance with Article IV hereof. Term of Office No member shall be elected to the same office for two consecutive terms except the Secretary, who may be elected for two or more consecutive terms. 40 Section 11. ^ ^ The President shall preside at all meetings of the President Board; perform all duties commonly pertaining to his office, and shall be Ex-Officio member of the Board of Directors and all Committees, with power to vote on all questions coming before said Directors and Committees. Duties of absence of the President, the Vice-President Yice- shall act in the place of the President. In the absence President of both, a presiding officer shall be chosen by ballot or otherwise at the discretion of the Board. ^ ^ The Secretary shall keep a record of the proceedings Secretary Board and of the Board of Directors, which record shall at all reasonable times be open for inspec¬ tion to the members of the Board. He shall notify applicants for membership of their election; keep the Roll of Members; notify members when their dues are payable; issue notices of all meet¬ ings of the Board with a brief mention of the business to be trans¬ acted, if known; notify the members by mail of all candidates for office whose names shall have been posted in accordance with Article IV hereof, immediately after such posting; conduct the correspondence and be keeper of the seal of the Board. He shall also keep a record of all bad and undesirable tenants and all straw bailers, together with all the information that can be obtained as to the same and of other subjects which may be of interest to the members of the Board, and furnish such information on request to the members of the Board only, and shall perform such other duties as may be prescribed by the Board or by the Directors from time to time. He shall also be Ex-Officio Member of the Board of Direc¬ tors, with power to vote on all questions coming before said Directors. The Treasurer shall collect all money due the Board Treasurer shall disburse the same upon receipt of vouchers signed by at least two (2) members of the Board of Directors and not otherwise. He shall keep the accounts of all receipts and disbursements in books belonging to the Board, which shall at all times be open to the inspection of the Direc¬ tors, to whom he shall make quarterly reports, in writing, of the moneys received and paid out by him during the preceding 41 quarter and show the amount of money on hand, and at the annual meeting of the Board he shall make a full report of all receipts and disbursements during his term of office. The Treasurer shall also upon assuming his office give a bond of not less than Ten Thousand ($10,000) Dollars for the faithful discharge of his duties, which bond shall be furnished by a Surety Company approved by the Board of Directors; the cost of said bond shall be paid by the Board upon proper voucher of the Directors as hereinbefore provided. The Treasurer shall be ex-officio the Escrow Agent for the Board and as such agent shall receive the escrow money paid on auction sale contracts and shall pay out such money on such ac¬ count, and his bond to the Board as such Escrow Agent shall be not less than Five Thousand ($5,000.00) Dollars, which shall be in addition to the $1,000 bond hereinbefore provided to be furnished by said Treasurer, and which shall be approved by the Board of Directors and be paid for by the Board. The Board of Directors shall consist of five (5) Erectors iTiembers, including the President and Secretary as Ex-Officio members thereof, two members of which Board shall be elected at the next annual election held after the passage hereof, one to hold office for three (3) years and one to hold office for one (i) year; and thereafter one Director shall be elected each year to serve three years, and the member having served longest shall be the Chairman. They shall conduct the administrative business of the Board and have the care and maintenance of the Board rooms and have such other duties as may be delegated to them by the By-Laws or by order of the Board from time to time. The action of said Directors shall be final and shall not require the approval of the members of the Board in order to be valid, except, however, as hereinafter pro¬ vided in Article V hereof. 42 ARTICLE III. Meetings shall be held on the first Wednesday of each Meetings except during the months of July and August, when there shah be no regular monthly meetings and during the month of September, when the monthly meeting shall be held on the third Wednesday instead of the first Wednesday. The hour of meeting shall be 2 o’clock p. m. Special meetings to consider special questions may be Meethiga called at any time by the President or by any five (5) members of Class A or B, or of both, by giving three (3) days’ notice in writing to each member, but at such meeting no subject shall be considered other than the subject for which the meeting is called except as otherwise provided in these By- Laws. The annual meeting of this Board shall be held on the third (3d) Wednesday of December of each year at 2 o’clock p. M., on which day, between the hours of ten (10) A. M. and two (2) p. m., the election of Officers, Directors and Standing Committees shall occur. Annual Meetings Quorum A quorum for the transaction of business shall consist of fifteen members. At any annual or special meeting members entitled to vote may vote in person or by proxy. In case any vote is cast by proxy all such votes must be cast in person by the individual holding the same, and the following form shall be recognized as sufficient for such purposes and held valid by the tellers: I hereby delegate. to vote as my proxy at the. meeting of The Chicago Real Estate Board to be held at its Board Rooms in Chicago, Illinois, on the.day of ., A. D. 19..., granting him full power and authority to act for me and cast my vote at any elec¬ tion or on any question which may come up to be voted upon at such meeting. And I further authorize the holder hereof to vote at any adjourned session of such meeting, or at any other meet¬ ing held subsequent thereto at which questions involving the action of such original meeting shall be voted upon. Given this.day of ..... 19... (Signature) . Witness: 43 ARTICLE IV. Section I. NOMINATIONS, ELECTIONS, AND VACANCIES. At the regular monthly meeting of the Board in No- Commrttc*/ member of each year, there shall be appointed, by the President of the Board, a Nominating Committee com¬ posed of five (5) members selected from Classes A or B, or from both, three (3) of whom shall be Ex-Presidents of the Board (if three (3) Ex-Presidents be living and willing to serve, and if not then composed of all the Ex-Presidents willing to serve), and a sufficient number of other members of Class A or B, or of both, to complete said Committee of five (5), who shall name a ticket of Officers, Directors and Standing Committees to be voted for at the next succeeding annual election, which shall be known as the Regular Ticket. The said Ticket shall be reported by the said Committee at the monthly meeting in December next following and be posted by the Secretary on the Bulletin in the Board rooms at least ten (10) days before the election. The Secretary shall notify the members of their nominations immediately after the Ticket has been reported to the Board. Other Opposition candidates may be nominated for any or may be offices or positions mentioned on the Regu- Nommated lar Ticket, but the names of the members so nominated shall be endorsed in writing by at least five (5) members of Class A or B, or of both, and be delivered to the Secretary, who shall immediately post such names on the Bulletin in the Board rooms prior to two (2) o’clock p. m. on Wednesday next preced¬ ing the election and promptly notify the members of their nominations. Only such members whose names are so posted shall be voted for and such names shall be printed on the same ballot sheet as the Regular Ticket, but under a separate heading, showing for which office or position such members are candi¬ dates. Section II. When the time has expired for posting the names of BaSots^ candidates, the Directors shall cause the names of all candidates for the respective offices and positions to be printed on one ballot sheet, indicating thereon the Office or position for which the various members have been nominated; the ticket endorsed by the Regular Nominating Committee to be first in order, then the ticket or tickets endorsed by five (5) or more members as hereinbefore provided, in the order of posting. And the ballot so made up shall be mailed to each Class A and B member of the Board at least two (2) full days before the hour of election, and only such ballot shall be used at such election. Members Any candidate who has been nominated for more Nominated office Or position shall notify the Directors, for more . . r • 1 1 n i * r-n • than one prior to the mailing of said ballot, which office he is Office willing to accept, and his name shall appear on the ballot for such office only, and failure to so notify said Directors shall give them the right to determine for which office or posi¬ tion such member shall be a candidate. All elections shall be by ballot and shall be under the by Ballot three (3) tellers who shall be appointed by the President at the regular monthly meeting in De¬ cember, and only members in Classes A and B, in good standing, and not in arrears for any dues or charges, shall be entitled to vote. To Fill surrendering of an office by a nominee shall Vacancies cause a vacancy on a ticket or tickets, such vacancy on Tickets shall. Upon notice from the Board of Directors, be immediately filled by the members of the regular Nominating Committee if the vacancy occurs on the Regular ticket, or if the vacancy occurs on another ticket then by the endorsers thereof, and failure so to do before the mailing of said ballot to the members shall leave such office or position without a candi¬ date, and such vacancy shall then be filled by appointment of the President at the next monthly meeting after such election, but failure to so appoint shall not invalidate the power of the Presi¬ dent to make such appointment at a subsequent meeting. Each member voting, in so far as he desires to exercise the privilege, shall place a check mark in the square to the left of the name of the candidate of his choice for each of the various offices and positions to be filled, and only names so checked shall be counted by the tellers. The candidate who shall receive the highest number of votes cast for any one office or position shall be declared duly elected to that office or position. In the case of a tie vote for any office or position the successful candidate shall be determined by drawing lots. How to Vote 45 In case of a vacancy occurring in the office of Presi- y^^ncy^in dent, through death or otherwise, the Vice-President President shall immediately become the President, and so serve for the remainder of the President’s term. If any vacancy shall occur in any office or in the Vacancy in Board of Directors or in any Standing or Special Boar ( I 5 I . r V 1/