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

Usage license:: Get license information via the feedback formular.

APPENDIX 565 19. To furnish the New York Stock Exchange, on demand, such rea sonable information concerning the company as may be required. Bv .... .. . Cree The Committee recommends a date be fixed as record for dividends, allotinent of rights and stockholders’ meetings, without closing the transfer books. Notice of rights, allotments, subscription privileges, to bondholders and shareholders, should be as of a date after authorisation. TRUSTEES OF MORTGAGES The Committee recommends that a trust company or other financial cor- poration be appointed trustee of mortgages, indentures, and deeds of trust; and when a State law requires the appointment of an individual as trustee, a trust company or other financial corporation be appointed as co-trustee. Each mortgage, indenture, or deed of trust should be represented by a separate trustee. The Committee will not accept as trustee: (a) An officer or director of the issuing corporation; (b) A corporation in which an officer of the issuing corporation is an executive officer. The trustee shall present a certificate accepting the trust and certifying (1) securities are issued under the terms of the mortgage or indenture, giving the numbers, denominations and amount authenticated; (2) collateral deposited; (3) disposition of prior obligations. For additional issues of bonds, the trustee must certify that (1) increase is in conformity with terms of mortgage or indenture, giving numbers, denominations and amount authenticated; (2) additional collateral deposited; and (3) disposition of prior obligations. The company and trustee shall notify the Stock Exchange of the holding, cancellation, or retirement of securities, by redemption, through the opera tion of sinking fund or otherwise. The trustee must notify the Stock Exchange if deposited collateral is changed or removed, and furnish a list of collateral substituted. A change of trustee shall not be made without the approval of the Committee. TRANSFER AND REGISTRY Every corporation whose securities are listed upon the Stock Exchange must, in accordance with the rules of the Exchange, maintain (¢) a transfer office and (b) a registry office, both in the Borough of Manhattan, City of New York. The transfer agency and registrar shall not be identical, and both must be acceptable to the Committee. A company cannot act as registrar of its own stock. Where a stock is transferred at the company’s office, the transfer agent or transfer clerk shall be appointed by specific authority of the board of directors to countersign certificates, in said capacity, and shall be other than an officer who is authorized to sign certificates of stock. The entire amount of the capital stock of a corporation listed upon the Stock Exchange must be directly transferable at the transfer office of the corporation in the Borough of Manhattan, City of New York. When a corporation makes transfer of its shares in other cities, certificates shall be

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