APPENDIX

05;

member of the firm, or authorized to sign for the firm, under a power of
attorney filed with the New York Stock Exchange, and that he acknowledged
 that he executed the assignment or power of substitution as the act
and deed of the firm.
32. In proving an assignment or power of substitution, the witness must
make deposition that he knows the person who executed the assignment or
power of substitution to be the person named in the certificate or assignment,
 and saw the signor execute the same. For assignments of certificates
in the name of a firm, the witness must make deposition that he knows the
party signing to have been at the date of execution, a member of the firm
or authorized to sign for the firm, under a power of attorney filed with
the New York Stock Exchange.
33. Any alteration or correction in an acknowledgment must be properly
noted by the signing officer.
34. A certificate for stock called for redemption is only a delivery when
specifically dealt in as such, unless the entire outstanding amount nas been
called for redemption.
35. A firm having as a general partner a member of the Exchange may
authorize one or more employees to assign registered securities in the firm
name and to guarantee assignments, with the same effect as if the name of
the firm had been signed under like circumstances by one of the partners
of the firm by executing and filing with the Committee on Securities, in
form prescribed by said Committee, a separate Power of Attorney for each
emplovee so authorized.

II. The following Rules shall apply to Coupon Bonds, payable to
Bearer, Registerable as to principal and Registered Bonds; Corporate
Stock of Municipalities; Government Bonds; Certificates issued for
Deposit of Bonds or in lieu thereof; and Notes, the term “bond”
being used in each case as a matter of convenience:
51. Transactions in Coupon Bonds payable to bearer may be settled by
delivery of bonds in the denomination of $1,000 or $500 each, except that
in the case of United States Coupon Bonds $5,000 and $10,000 pieces, when
exchangeable for $500 or $1,000 bonds, may be delivered.
52. Coupon bonds payable to bearer, of the denomination of less than
$500, shall be classified as “small bonds” and of the denomination of more
than $1,000, as “large bonds” and are to be dealt in specifically as such,
except as otherwise provided.
53. When more than one trading unit is to be delivered, bonds may be
delivered in lots of one trading unit and must be accepted and paid for as
delivered, without affecting the right of the receiver to buy in the undelivered
 portion as provided in Chapter IV of the Rules adopted by the
Governing Committee.
This rule does not apply to bonds sold “Delayed Delivery” in which case
the entire amount of the contract must be tendered, unless otherwise mutually
 agreed.
54. In deliveries of bonds expressed in foreign moneys, the equivalent
of $1,000 in the case of Sterling bonds shall be f200 and in the case of
Guilder bonds shall be 2500 Guilders, and such other equivalents as may
from time to time be fixed by the Committee.
55. Coupon bonds must have securely attached proper coupons, warrants,
etc. of the same serial number as the bond. The money value of a coupon