APPENDIX 
565 
19. To furnish the New York Stock Exchange, on demand, such rea 
sonable information concerning the company as may be required. 
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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