The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XI. The security collateral loan market

Collection:: Economics Books

2X0 THE WORK OF THE STOCK EXCHANGE NEW YO wi Tras &_ 1029 1 7 ONABAYS ENA ei — reer memeefoT value received the wlblisignea nromise~—. to pay wo Tork Tat Co aan 0 r, at the he office of The Blank Trust Co. New von lige £1907 Une Logins eee dollars, with interest from date until payment hereof at the rate of ©@ oper cent. per annum.—.__ oo] having assigned and transferred, and hereby assigning and transferring, to the holder hereof for the time being, as collateral security for payment hereof, —as well as for the payment of any and every debt or liability of every name and nature, whenever contracted and whenever due. from the undersigned to such holder hereof existing while such holder,~the following property, hereby and herewith pledged and delivered to such holder for the time being rs collateral security for this and for every other such indebtedness, viz.: 300 Cemenale etored. .. @ 76 oo .22,520:00 100. Lam Te ier Ze 245,200.00. soo. Ce eee 280800. 00 208 ! eee 24s foo 00 20< v— m———— 22,600. 00 i a fc eo ee 0 0 lB A 2 fe 0 em Ce Oe of which the presen} market value is now estimated by the undersigned to be §./29.600 and also, any and all property, claims and demands of every name or nature belonging to the undersigned and either directly or indirectly or for any purpose in possession or under control of such Holder hereof, while such holder, including a lien upon any balance of any deposit account of the undersigned with such holder hereof, while such holder; and the under- signed hereby agrees from time to time, and at any time, similarly and forthwith upon demand therefor by any such rolder, to pledge and to deliver hereunder any and all such additions or spbstitutions of collateral, securjty as may be indicated in a notice addressed to the undersigned and left ies Louth Gol BE On the non-performance of this promise, in whole or in part, or upon the non-paymed of any lahilty above mentioned, or upon failure to furnish other satisfactory securities, as and when so called for, then, and in every such case, at the option of such holder, this note forthwith shall become and shall he due and payable, with- out other demand or notice, and full power and authority are hereby given to such holder to demand payment of and to collect ariy promises to pay forming part of the said securities, and also full power and authority to sell, assign and deliver the whole of the said securities, or any part thereof, or any substitutes therefor, or any additions thereto, or any other securities or property either directly or indirectly given to or left in the possession of such ‘holder by the undersigned, at any Brokers’ Board or at public or private sale, at the option of such holder, without either demand, advertisement or notice of any kind, all of whic are hereby expressly waived. At any such sale at any Brokers’ Board, or at any public sale, such holder, on his or its own account, and without further accountability except for the purchase price thereof, may purchase the whole or any part of the property sold, free from any right of redemption on the part of the undersigned, which right is hereby waived and released. In case of sale for any cause, after deducting all costs or expenses of every kind for collection, sale or delivery, the holder for the time being, without any marshalling of securities, and in such manner or order as he or it may deem proper, may apply the residue of the proceeds of the sale or sales so made, in payment or in reduction of any one or more of such liabilities to such holder then unpaid, whether then due or not due, making proper rebate for interest on liabilities not then due, and returning the overplus, if any, to the undersigned who, notwithstanding any transfer, shall continue liable to the holder hereof for the time being for any deficiency arising upon such sale or sales. lier x Co Figure 20. Time Loan Agreement

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