Indorsed

bond. A coupon bond i ued to bearer upon which has been placed an indorsement not properly pertaining to it must, according to New York Stock Exchange rules, be sold specifically as an indorsed bond and is not a delivery except as an indorsed bond. Any indorsement on a coupon bond stating that it has been deposited as security for bank circulation or for insurance requirement may be released by an acknowledgment of the release before a notary public; it will then be a delivery in accordance with New York Stock Exchange rules as a released indorsed bond. Sometimes the owner of a coupon bond inscribes the fact i of his ownership on the bond, as, for instance, “This bond is the property of John Jones.” In such a case in making a change in the ownership of the bond a formal a ignment of it in blank must be executed by the owner and it then may be sold under the New York Stock Exchange rules specifically as a released indorsed bond.