Full text: The work of the Stock Exchange

H58 
APPENDIX 
missing from a bond which is not registerable or convertible may be sub- 
stituted therefor with the consent of the Committee on Securities for 
each delivery. 
56. Coupon bonds which can be registered as to principal to be a delivery 
must be registered to bearer or if the transfer books are closed, must be 
accompanied by a proper assignment for each bond, provided however, that 
when coupon bonds may be “registered for voting purposes only” and such 
registration does not affect the negotiability of the bonds, such bonds may 
be delivered with such registration noted thereon. 
57. A Coupon bond issued to bearer having an endorsement thereon such 
as a definite name of a person, firm, corporation, association, etc., not 
properly pertaining thereto as a security, is not a delivery unless sold 
specifically as an “endorsed bond.” 
The foregoing also applies to endorsements upon coupons. 
58. A Coupon bond bearing a statement that it has been deposited in 
accordance with a governmental bank or insurance requirement is not a 
delivery. If released, with such release acknowledged before an officer 
authorized to take acknowledgments, it may be sold as a “released endorsed 
bond.” 
50. A transaction in Registered bonds may be settled by delivery of 
bonds of the denomination of not less than $500 and not exceeding $10,000. 
accompanied by a proper assignment for each bond. 
60. The rules as to assignments of stock certificates shall apply to 
assignments of registered bonds, except that in the case of United States 
Government bonds and City of New York corporate stock, special forms 
of assignment are required by the. respective authorities. No “guarantee” 
of signature is required or permitted on assignments of United States 
Government bonds. 
III. The following Rules shall govern the Reclamation or Return 
of securities delivered on Exchange Contracts: 
101. Reclamation for irregularity in a security, when such irregularity 
affects only its currency in the market, must be made within ten days from 
the day of delivery of the security. 
102. A security with an irregularity having been delivered may be 
returned up to 2:15 o'clock P.M. to the party who delivered it, who must 
immediately give the party presenting it either the security in proper form 
for delivery, or pay the market price of the security and assume all liability 
for non-delivery. 
103. Whenever title to a security is called in question or a security is 
reported to have been lost or stolen it may be returned until it reaches the 
party who introduced it into the market, unless in the opinion of the Com- 
mittee on Securities in any particular case, there are equitable considerations 
why such reclamation should not be made. 
104. A security delivered subsequent to publication of notice of -its being 
called for redemption may be returned or reclaimed until it reaches the 
party who held it at the time of such publication, unless in the opinion of 
the Committee on Securities in any particular case, there are equitable 
considerations why such reclamation should not be made. 
This rule does not apply where an entire issue has been called for 
redemption or where securities called for redemption are dealt in specificallv 
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