Full text: Referendum on the report of the Special Federal Reserve Committee

ing 25 members or less is entitled to one dele- 
gate¥and for each 200 additional members in 
excess of 25 one additional delegate, but no 
organization is entitled to more than ten dele- 
gates.] No vote shall be valid unless received 
by the Secretary within 45 days of the date of 
the mailing of the pamphlet. In connection 
with its vote each organization member may 
file such explanation, comment, or opinion as 
it may desire. 
In forwarding the pamphlet it shall be the 
duty of the Secretary to advise each organiza- 
tion member of the date on which the right to 
register votes expires. 
SECTION 9. If before the expiration of 4 
days from the date the pamphlet was sent out 
votes representing more than two-thirds of the 
voting strength of the organization membership 
are registered in favor of the propositions sub- 
mitted or any of them, the Secretary shall im- 
mediately certify that fact to the Board of Di- 
rectors. ‘Thereupon, the propositions so ap- 
proved shall be recorded as having been adopted 
by the Chamber and it shall be the duty of the 
Board of Directors to take such steps as may be 
necessary to make effective the action taken. 
If at the expiration of 45 days one-third of 
the voting strength of the Chamber has been 
recorded and two-thirds of the vote thus cast 
representing at least twenty (20) states is in 
favor of the propositions submitted or any of 
them, the Secretary shall so certify to the Board 
of Directors. Thereupon the proposition so 
approved shall be recorded as having been 
adopted by the Chamber and it shall be the duty 
of the Board to make effective the action taken. 
SECTION 10. On a question submitted to ref- 
erendum no organization member found to have 
voted with the minority shall be deemed to 
impair its standing in this Chamber by adher- 
ing to its position or by continuing its efforts 
in support thereof. 
SECTION 11. Upon approval by the Council 
or Board of Directors a member may be per- 
mitted by petition to place upon the program 
for consideration at the annual meeting a ques- 
ion which has not been submitted in advance 
dy mail as hereinbefore provided for, but such 
1 question shall not be considered if one-third 
of the delegates present object thereto, and its 
submission by mail as hereinbefore provided for 
shall be ordered on the recording of a two- 
thirds vote in favor of that method of pro- 
(a) On all questions before a meeting of this 
Chamber, on which a vote is taken viva voce, 
or by division, each duly accredited delegate 
from an organization member shall be entitled 
to one vote in person. A yea and nay vote may 
>e ordered on any question upon demand of 
one-fourth of the delegates present officially rep- 
-esenting such organization members and on 
such ballot only the votes of said members shall 
be counted. On all yea and nay votes each or- 
ganization member shall be entitled to as many 
votes as there are delegates present representing 
said member, subject to the provisions of Article 
VI, Section 3. All yea and nay votes shall be 
fully recorded and published in the proceedings. 
An affirmative vote of two-thirds shall be nec- 
essary to carry the approval of the Chamber of 
Commerce of the United States of America 
ipon any proposition or resolution which may 
appear upon the official program or be added 
thereto as provided for by these By-Laws: Pro- 
vided, That such a vote shall be void and of 
no effect unless the attendance registered at the 
meeting shall represent one-third of the voting 
strength of the Chamber from at least twenty 
20) states. 
(b) The list of questions to be considered 
at each annual meeting shall be mailed to each 
member at least 30 days in advance of such 
(c) No question shall be received from an 
organization member for submission to the 
Chamber at the annual meeting within 40 days 
of the date of said annual meeting, except in 
case of emergency and unless by a two-thirds 
vote of the Board of Directors.

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