I.B.A. of A. Bulletin Volume . 9-11

I.B.A. of A. Bulletin Volume . 9-11

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... and again during the past year the importance of the certification by responsible disinterested parties such as a trust company, has been further emphasized by the disclosure of a fraud perpetrated by a Chicago bond dealer who forged securities amounting to $600,000. His victims numbered prominent banking houses as well as individual investors, and the early success of his efforts was due primarily to the fact that insufficient care was given to the matter of preparing and certifying the bonds which he had bought from the issuing municipalities. In the early part of the present year the forgeries of a firm in Spokane, Washington, were brought to light, aggregating $315,000. With a view to further standardization of the details surrounding the issuance of municipal bonds and as a matter of convenience for municipalities, dealers and attorneys, this Company in 1917, following a close association with leading members of the Investment Bankers Association of America, consented to act as the official Depositary for Legal Papers and Opinions rendered in connection with municipal bond issues. The number of Legal Papers and Opinions now on file with us aggregate more than 14,000 and our files are constantly being added to by the deposit of additional papers. Under this plan it is possible for any member of the Investment Bankers Association of America to promptly and at small cost, procure certified copies of opinions and legal papers which would otherwise be difficult and sometimes impossible to obtain. The Depositary will become of greater value as members of the Association continue to deposit Legal Papers and Opinions, as these will always be available to members of the Association, and many Papers and Opinions will be saved to them which were held...show more

Product details

  • Paperback | 362 pages
  • 189 x 246 x 19mm | 644g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236494474
  • 9781236494474