B. For raising instead of re-borrowing the sum of pounds required by Schedule A. the County Council for the purpose of paying off when due sums amounting to pounds which will fall due before the [ , 189], being a portion of their debts now subsisting on the security of outstanding securities granted by the [ ] for raising money for

the purposes of the following Acts (that is to say):—

and which sums the County Council are under those Acts authorised
to re-borrow.

C. For raising the sum of

securities granted by the [

pounds for paying off or redeeming statutory

outstanding (that is to say) :

] under the following Acts and now

D. For the purpose of issuing stock in substitution for statutory securities
Junder the following Acts and now outstanding

granted by the [

(that is to say) :

Resolved secondly:

:

That such stock shall be issued at the price, and shall bear the dividends, and be transferable in the manner herein-after specified (that is to say) :

A. The minimum price of issue to be [£

to be payable on the [1st January 189

B. Tenders for stock to be made to

];

] per cent., the first dividend

A deposit of 5 per cent. on the
at the time of the

amount of stock tendered for to be paid at
delivery of the tender;

C. The dates for the further payments on account of the said tenders when
accepted to be as follows:-On [Wednesday, the 20th day of October,
189, so much of the amount tendered and accepted as when added
to the deposit will leave £75. (sterling) to be paid for each £100. of
stock. On Friday, the 26th day of November, 189, 25 per cent.
On Tuesday, the 11th day of January, 189 25 per cent. On
Tuesday, the 1st day of March, 189, 25 per cent.] In case of
default in the payment of any instalment at its proper date the
deposit and instalments previously paid will be liable to forfeiture :
D. Dividends at £ per cent. per annum, payable [quarterly];
E. Dividends on the total amount of stock (calculated from the 1st of
October, 189 ), to be payable on the 1st January, 189 .

F. Stock certificates to bearer with coupons attached for the dividends
payable 1st January, 189, and 1st April, 189, to be issued in
exchange for the provisional receipts.

G. In the event of the receipt of tenders for a larger amount of stock than that proposed to be issued at or above the minimum price, the tenders at the lowest price accepted to be subject to proportionate diminution.

H. Stock to be issued in sums of not less than £10.

J. Stock to be transferable in books and not by deed. (See, however,
Article 26.)

Resolved thirdly

That such stock shall be redeemable as follows: state terms.

Resolved fourthly

That such stock shall be redeemed or purchased and extinguished within a period of years from the creation of such stock.

Resolved fifthly

That an agreement be entered into with the Commissioners of Inland Revenue for the payment to them of composition under the provisions of the Customs and Inland Revenue Act, 1887, for the stamp duty on transfers of stock issued under the foregoing resolutions.

Dividends are due on [the 1st January, 1st April, 1st July, and 1st October,] unless the [1st] of either of these months falls on a Sunday, in which case the dividends will be payable on the following business day.

Dividends will be paid in one of the following modes:—

I. To the stockholders personally, or to their attorneys at the

N.B.-Stockholders may arrange for the receipt of their dividends, free of charge, at [

II. By transmission of dividend warrants by post, at the risk of the stockholder, under the following regulations:

1. Any stockholder residing within the United Kingdom, or in the Channel Islands, or the Isle of Man, who desires to have his dividend warrant sent to his address by post, must fill up a form of application, to be obtained at [

j.

2. In the case of joint accounts, the applications must be signed by all the members of the account, directing the warrant to be sent to one of them at a given address.

3. Post dividend warrants will be crossed & Co., and will only be payable through a banker, They will be drawn to the order of the stockholder, and must be endorsed.

Stockholders, whose warrants are sent by post, should give notice to if they are not received on the day on which they ought to be delivered; but need not acknowledge those that arrive in due course.

Seliver

Stock Certificates to Bearer.

Stock certificates to bearer, of the denominations of [£. 10 or any multiple of £. 10] with coupons for the quarterly dividends attached, may be obtained in exchange for inscribed stock, except in the case of stock held upon any trust.

is the proprietor of [

] pounds

] this

This is to certify that A.B. of [

of [

[

Stock subject to the regulations relating thereto.

Given under the common seal of the County Council of [
] day of [ ][18].

Power of Attorney for Sale and Transfer and for Receipt of Dividends.

Corporate

Account. J

We

[ J STOCK.

ACCEPTANCE, SALE OF £

AND DIVIDENDS.

our attorneys and attorney

for us and in our name and on our behalf

First-to ACCEPT all transfers made or to be made to us of any sum of

[

]Stock.

Secondly to SELL and TRANSFER all or any part of the sum of said stock standing in our name in the books of the

;

Thirdly to RECEIVE and GIVE RECEIPTS for all DIVIDENDS OF PAYMENTS due

or to become due on any sum of the said stock from time to time standing in our name in the books of the

AND ALSO-to do whatever is necessary or proper to be done for the purposes aforesaid, or any of them.

Schedule A.

Schedule A.

In witness whereof we have hereunto affixed our corporate seal, this
day of
in the year of our Lord one thousand eight hundred and
Sealed with the corporate seal and delivered in the presence of

N.B. -The execution of this letter must be attested by [two witnesses who are] not of the corporate body, and who must be present when the corporate seal is affixed.

Indorsement.

INSTRUCTIONS FOR EXECUTING THE WITHIN LETTER OF ATTORNEY.

Corporate

Account. J

The date must be inserted in words and not in figures.

The execution must be attested by [two credible witnesses who are] not of the corporate body, and who must add [their addresses and their qualities, professions, or occupations].

A witness resident in a town must give the No. of house as well as the name of the street.

If clerks or servants are witnesses they must give the names and addresses of their employers,

When a witness is a female she must state whether she is a spinster, wife, or widow; and if a wife she must give her husband's name, address and quality, profession, or occupation.

A wife is not a valid witness to the execution of this letter of attorney when her husband's name appears in the letter as attorney or transferee.

If any alteration, interlineation, or erasure be made in this letter of attorney, it must be particularly stated in the attestation, subscribed to by the witnesses, that such alteration, interlineation, or erasure was made previously to the execution of the letter.

I demand to act by this letter of attorney, this
Witness

(G.)

day of

18

I, A.B., of [

]pounds paid to

]in consideration of the sum of [

me by C.D., of [ ] (herein-after called the said transferee) do hereby transfer to the said transferee the sum of [ ] pounds [ ] stock standing [or part of the stock standing] in my name in the books of the County Council of [ to hold unto the said transferee, his executors, administrators, and assigns for successors and assigns], subject to the several conditions on which I hold the same at the time of the execution hereof, and I, the said transferee, do hereby agree to take the said stock subject to the same conditions.

As the person entitled to the dividends upon the above-mentioned amount hereby authorise [

of stock

] in the name of

Names,

addresses, and descriptions as recorded in the books.

to draw upon “I” or “we.” the [ ] for the amount of the quarterly dividends due and to become "myself" or due on the said amount of stock, or on the amount for the time being standing

in

name:

hereby request the said [

And
] to send through the post at
risk, and until further notice, the warrants so drawn to-

SIGN HERE.

In the case of joint stockholders, or of co-executors, all must sign.

Date

Name
Present address

189

[On second half-sheet of same Form.]

This half-sheet is to be retained by the stockholder. Reference to it will often save unnecessary correspondence.

Transmission of Dividend Warrants by Post.

Dividends upon the above-named stock may be transmitted through the post to the stockholder in sole accounts, and to any one of the stockholders in joint accounts, at their risk upon a form of request being duly filled up and forwarded to [ ] (Forms are obtainable at [

]).

N.B.-This arrangement does not apply to stockholders whose addresses are beyond the United Kingdom, the Channel Islands, and the Isle of Man. Persons receiving dividends under letters of attorney cannot have the warrants for such dividends sent to them by post.

A separate form must be used for each separate holding of stock.

When forwarding a form of request, care should be taken to state the number of overdue dividends, if any.

Dividends are payable on [1st January, 1st April, 1st July, and 1st October]. When the [1st] happens on a Sunday, the dividends are not payable until the [2nd].

Forms of request may be delivered at any date, either by hand or through the post; but when received between the day on which the balance for a dividend is struck and the day on which the dividend is payable, the warrants for such next dividend will be forwarded as soon as possible, but the [ ] will not guarantee their being posted on the day before the dividend is payable.

For the dividend payable [1st January] the balance is struck on or about the [1st December].

For the dividend payable [1st April] the balance is struck on or about the [1st March].

"our nominee."

"my" or "our."
"I" or "we."
"my" or "our."
If the account
is a sole one,
insert here the
name and
address of the
stockholder;
If the account
is a joint one,
insert here the
name and
address of one
of the stock-
holders as

nominee.