APPENDIX 
565 
terms of redemption (by sinking fund or otherwise), convertibility, default, 
interchangeability or exchangeability of coupon and registered bonds, and 
conversion into other securities. 
Bonds, in the text and on the reverse, must recite payment of principal 
and interest in the Borough of Manhattan, City of New York, and provide 
for transfer and registration. Coupons must recite payment of interest in 
the Borough of Manhattan, City of New York and tax exemption. 
Registered bonds must carry a power of assignment in such form as 
the Committee may approve. 
The Committee recommends that registered bonds be made interchange- 
able with coupon bonds. 
Registered bonds interchangeable with coupon bonds shall bear a legend 
reciting numbers and denominations of coupon bonds, against which they 
are issued. 
If coupon bonds of any denomination are interchangeable with coupon 
bonds of other denominations they shall contain such recital in the text 
and bear an appropriate legend on the reverse. 
Registered bonds made such bv detaching coupon sheets are not eligible 
for listing. 
Forms of Legends for Bonds 
For coupon bonds of one denomination interchangeable with coupon bonds 
of other denominations: 
“As provided in the Indenture, coupon bonds of the denomina- 
tions of $1,000, $500 or $100, at any time outstanding, when sur- 
rendered with all unmatured coupons attached and upon the payment 
of charges, may be exchanged for an equal aggregate principal 
amount of coupon bonds of any other denomination of the same 
issue, of numbers not contemporaneously outstanding, with all un- 
matured coupons attached.” 
For a coupon bond of a thousand dollars exchangeable for coupon bonds 
of smaller denominations : 
“The holder of this bond may, at his option, on surrender and 
cancellation and on payment of charges, as provided in the inden- 
ture, receive in exchange coupon bonds of this issue for an amount 
aggregating $1,000 in denominations of $... .of numbers 
not contemporaneously outstanding.” 
For coupon bonds of smaller denominations exchangeable for a $500 or 
$1,000 coupon bond: 
“The holder of this bond may, at his option, on surrender and 
cancellation of this bond and others of the same issue aggregating 
$500 or $1,000 and on payment of charges as provided in the 
indenture, receive in exchange a coupon bond of this issue of 
a number not contemporaneously outstanding, for the amount 
aggregated.” 
For registered bond (s) issued for coupon bond(s) of denomination(s) of 
less than $1,000: 
“This bond is issued in exchange for coupon bond(s) of this 
issue numbered..............in denominations of $.............. 
hot contemporaneously outstanding, aggregating the face value 
hereof and coupon bond (s) of this issue bearing the said number(s)