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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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