Rules

for delivery. The following rules for delivery are those of the New York Stock Exchange and they apply in a general way in transactions in securities elsewhere than on the exchange: 1. Securities admitted to dealings upon the New York Stock Exq change, registered and transferable in the Borough of Manhattan, city of New York, in conformity with the requirements of Section 1, Art. XXXIIT of the Constitution, are a delivery: (a) Certificates of stock for 100 shares or odd lots aggregating 100 shares, with irrevocable a ignment for each certificate, and in the name of a member or his firm, registered and doing busine in the Borough of Manhattan. Certificates for the exact amount or aggregating the amount of an odd lot. - whose name the security stands, authorizing the a ignment and giving date of adoption, must accompany the security. 7. Securities with an a ignment or a power of substitution signed by trustees, guardians, infants, executors, administrators, agents or attorneys are not a delivery. 5 8. Securities a igned by a married woman are not a delivery. A joint a ignment and acknowledgment by husband and wife before a notary public will make such security a delivery only while the transfer books are closed. (Form No. 4). 9. Securities in the name of an unmarried woman with the prefix “Mi ” are a delivery without notarial acknowledgment when signed “Mi .” 10. Securities in the name of an unmarried woman without the prefix “Mi ”, or a widow, are a delivery only when the a ignment is acknowledged before a notary public. (Form No. 5). 11. In the case of securities of a company whose transfer books are closed indefinitely for any reason, legal or otherwise, the a ignment and each power of substitution must be acknowledged before a notary public. (Forms Nos. 2 and 3; for witne Nos. 10 and 11). 12. Securities in the name of foreign residents are not a delivery on the day the transfer books are closed for payment of a dividend or registered interest and reclamation can only be made on that day. 13. Securities in the name of foreign residents must be accompanied by an acknowledgment before a United States consul or J. S. Morgan & F Co., London, when required by transfer agents. 456