US1542692A - Safety transferable financial certificate - Google Patents

Description

W. E. GENTRY ET AL SAFETY TRANSFERABLE FINANCIAL CERTIFICATE Filed June 4. 1925 .n.525 rho@ :$5.0 o 51015:. 9545 IW. MN. MN

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To all whom 1f mayconcern:

Patented June 16,` 19.25.

UNITED vs'ia'rss A1,542,692 PATENT OFFICE.

WALTER E. GENTRY AND CARL E. FORTUNE, or AniLENE, TEXAS.

SAFETY TRANSFERABLE FINANCIAL CERTIFICATE. 'l

Application 'filed June 4,

Be it known that we, WALTER E.Y GENTRY, and CARL F. FORTUNE, citizens of theUnited States, residing at Abilene,in the county of Taylor and State ofTeXas, have invented certain new and useful Improvements in` Safety Transferable Financial Certificates, of which the following is a specification.

This invention relates to a safety'iransferable financial certificate, to be used as a stock certificate, a financial 'bond certificate, or other negotiable or transferable financial documents of value, and theI invention has forits obj ect to provide in manner as hercinafter set forth, a financial certificate havlneans i for safeguarding. thev ownership thereof so as to prevent the surreptitious disposal of the certificate if` it stolenor is obtained by fraud. p

A further object of the invention is to provide in a mannerashereinafter set forth, a safety financial certificate having means to prevent the possession thereof by anyone unless such possession is obtained'legally, so that during the transfer of the stock certiiicate, bonds or otherl financial papers by mail or express, ifthey are stolen, itv would be impossible to dispose of the same from a financial standpoint, under such conditions preventing an unauthorized person from realizing anything of value thereon.

Further objcts of the invention are to provide, in a manner as hereinafter set forth, .a safety financial certificate which is simple in its construction and varrangement,- compact, thoroughly efficient in its use, and comparativelyinexpensive to manufacture.

With the4 foregoing and other objects in view, the invention consists in theV novel construction, combination and arragenient of parts as `hereinafter more specifically described and illustrated in the accompanying` drawings', wherein is shown an embodiment of the invention, but it is to be understood that changes, variations and modifications can be resorted to which fall within the scope of the claims hereunto appended.

vIn the drawings wherein like reference characters denote corresponding K parts throughout the several views`z Figurel isa front elevation of a safety financial certificate in accordance with this invention. n .f

Fig. 2 is a rear elevation thereof.

192s. sei-iai No. 643,334.

A safety financial certificate in accordance with this invention comprises a rectangular bodyy portion, referred to generally by the reference character 10, and which is formed from; Vpaper of the desired weight and quality. The front of the ybody portion 1i), 1s 1ndicated at 11 and the back at 12 and said body portion 10 is provided centrallv with a score i3 which extends from its upperto its lower edge to permit of the body portion 10 being severed to form a primary transmitting section 14 and a supplemental transmitting section 15.

The front of the body portion 1l,- centrally thereof and in proximity to its top, is. provided with conventional means, as indicated 16, to designate thil naine `of the company issuing the certicate and the said conventional means 16, is arranged partly on the section 14 and partly on the section l5 and when the section 14- is severed from the'section 15, a portion of the conventional designating means 16 will be arranged on the section 14 and a portion thereof will 'ce arranged on the section 15, kso that when the sections 14 and 15 are matched, the naine of the company issuing be set up.

The section 14 is designated differentlv from the'section 15, and by way of example .section 14 is designated as sheet No. 1 and section as sheetNo. 2. The designation for section 14 1s indicated at 1T and the designation for section 15 is indicated at 18,

and the said designations 17 and 18, preferably, appear on the front of the body' portion 1l, below the conventional designation 1G and" in proximity thereto. l

The certificates, when issued are serially numbered, and the serial number, which is indicated at 1S), is arrangd on the section 14 and the serial number,y as. indicated at :20,y is arranged on the section 15. The section 14, as well as the section 15,

is provided with a conventional inscription, as at 21, constituting a gua-rd for the certificateV and such inscription ).vhich appears on section 14, issuch as to indicate that said section 14, which ,is sheet No.. l of the certiiicate, is void without section 15, which is sheet No. 2, and the inscription upon section 15 is such, that the certificate is void without section 14 which is sheet No. 'l of they certificate. The guarding inscriptions 21, on the sections 14 and 15, are arranged on the outer the certificate will face 11 of the body portion 10 in proximity to the designations 17 and 1H for the sections 121 and-15. Y

The section 14, as Well as the section 15, has the outer face thereof provided, above the guarding inscription, v'vith conventional means as at 22, to `indicate the. number of the bond, With conventional means as at 23, to indicate the number of shares',A and .vith conventional means as at 21, to indicate valueper shareif r1`he` inscriptions 22, 23 and 2e on the section 14;, is the saine as 'the inscri'ptions'QQ, 423 and 21 on the section 15.' v v'llhesection' 111,` asl Well as the section 15, below the guarding inscriptions, is provided with a conventional means, as at 25, to indi-v cate the pointvfortlie signature of the presie dent of the company issuingthe certificate, andreach of said sections 14, 15, belen7V the conventional indication-| 25, is provided-With coin-*entional means asatQG to'indicate the point `'forthe signature :of `the Ysecrntary or treasurer-'of the company issuing the `certifi- Y cate.

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elow the conventional indications 26,the outer face of the section 1f,fas Well as the section 15, is providedwith conventional means as at Q?, 28, and 29, Which correspond to the conventional indications Q2, 23 and 24 respectively. vBeloWthe inscription 29, the sectionle, as Well as the section 15, is provided with a' guarding inscription 30, corresponding to the'inscription"21, and is also provided with an inscription 31, which corresponds to the serial number' indication 19 or 20, which appears yon the section 1st or 15.' The inscription 30 on thesection 111 corresponds to the inscription 211011 said section let and the inscriptionBO on the section'15 corresponds to theinscriptionQl on said sect-ion 15. Y

The sectionlll, as Well as the section 15, has the lower portion thereof, provided Jwith a series of" detachable interest Y 'bearing coupons, and'whichlare'indicated at 32, and the coupons of keach section', are consecutively numbered, asiV at 3S. vThe numbersof the coupons on the section 14 correspond to the numbers of the coupons on the'section 15. The coupons on the 'section' 14 are provided With a conventional indication -asat 33,f`to ii'idicatethatthecoupons` ybelong` to sheet No, 1 or-'section Mfand the section 15, is provided With conventional indications, as atSLl-fto designate that the coupons 'of the sect-ion 15, belong thereto or tosheet No. 2, which is section 15.l Each of the'coupons is provided'with a serial number; as at35, which corresponds to the serial number of the certificate.Y 'w if i rEhe coupons 32 are provided by the score 13, and a series of'transversely extending scores'BG. 'I'

`The rear face 12 of the body portion 10, is provided with transversely extending` lines 36, and a suitable inscription, as indicated at 37, for indicating that the lines 3G areto receive data` in connection with the transfer of the certificate, and such data is to extend over the back ofeach section 14; and 15, so that itwill require'the matchingl of the two sections to understandfully to Whom the certificate has been transferred to or transferred from.

`When a corporation, company or municipality issues bonds, stocks, etc., for any purpose, and they are sold to be paid for upon delivery." The bond or bonds or stock certicate, is or -are detached to 'provide the separate sections lll'and 15, as designated sheet 'number 1 and'sheet number 2. Sheet number 1 is mailed or expressed, accompanied by a sight draft calling for the amount of funds to ybe collectedfor payment of bo-nd Yor stock certificate, to any bank or depository designated to collect the amount j of the draft.A Then the bank or depository receives sheet 1 accompanied by the draft, the bank or depository notifies the shipper or sender that the iirst part of the'shipment has been received, and on such notilication then sheet 2 is mailed or shipped to the bank or depository. It ,either shipment is lost, the bonds can be duplicated upon surrender of either portion, which Will be promptly destroyed and which would then render the half lost void if ever found. If kthey7 vwere boughtV for interest bearing qualities alone byl someone who would not ship tl1e`m,`s'heet 1 placed in bank and sheet 2in some other place, so bo-th sheets would not be 'in same place lat the same time,'this also would act as a safeguard.

The certificatey is so setup, that to be of value, the sections thereof must be matched, and thatl unless a person had both sections of the certificate, itivould be :of no value to him whatsoever, and under such conditions one could not realize upon one of theL sections of the certificate.v 1n vieni ofthe foregoing, it is obvious, that a safety transferable 'linancial certificate is set up having means to prevent the possession thereof by anyone unless possession is obtained legally, so that during transportation of the stock certificates', bonds or other financial paper by mailor' express, if they are stolen, it would be impossible to dispose of the same from a financial'standpoint', because VWhat would be stolen, would only be a half cer-V tificate, and the other half would have to be matched to the stolen half, before one could have a certiiicate'of value to realize on, and although the preferred embodiment ofthe invention is as described and illustrated, yet it "is to be understood that changes in the details of construct-ion can be had which' will fall Within the light 'of the invention as claimed. f""

lVhat we claim ist l. Ay safety. transferable financial certificate comprising a rectangular body portion formed of a pair of complemental severable transmitting' sections correspondingly numbered and each having one face provided with means to constitute a designationtherefor and with the designation of one section different from that of the other section, each of said sections further having said face provided with means to constitute a complete valid certificate when the separated Vsections are in matched relation and an incomplete invalid certificate when the sections are out of suchrelation, the said last mentioned ymeans of one section including a designation corresponding to the said designation for the other section, and said body portion having its baci; provided with indicia having a part thereof extending transversely of one section and the remaining part extending transversely of the other section to indicate for recording below said indicia and transversely ofv both sections data relating to the transfer of the complete sections are in matched relation and an inv complete invalid certificate when the sections are out of such relation, the said last Y mentioned means of one section including a designation corresponding to the said designation for the other section, said body portion having its back provided with indicia having a part thereof extending transversely of one section and the remaining part extending transversely of the other section to indicate forrecording below said indiciay and transversely of both sections' data relating to the transfer of the complete valid certificate, and said body portion further provided kwith means to constitute a plurality of consecutively numbered severable coupons at one end of each of said sections, the coupons on one section having means thereon to designate to which section they belong.

3. A safety transferable financialy certificate comprising-a rectangular body portion formed of a pair of complementalseverable transmitting sections n correspondingly numbered yand each having one face provided with means to constitute a designation therefor and with the designation of one section different from that of the other section, each lof said sectionsvfurther having Ysaid face provided with Vmeansto constituteia complete valid certificate when the separated sections are in matched relation and an incompleteinvalid certificate when the sections are out of said relation, the said last mentioned means of one section including a designation corresponding to the said designation for the other section, said body portion having its back provided with indicia having a. part thereof extending transversely of one section and t-he remaining part extending transverselyof the other section to indicate for recording below said indicia andv transversely of bothisections data relating to the transfer of the complete valid certificate, said body portion further provided with means extending from one section and onto the other tol indicate the source of issuance of the certificate, and said sections further having corresponding means to designatethe character of and the value lof the complete valid certificate. V

4;. A safety transferable financial certificate comprising a rectangular body portion formedof apair of complemental severable transmitting sections correspondingly numbered and eachk having one face provided with means to constitute a designation therefor and with the designation'of one section different from that of the other section, each ofV said sections further having said face provided with means to constitute a complete valid certificate when the separated sections are in matched relation and an incomplete'invalid certicate when the sections are out of said relation, the said last mentioned means of one section including a designation corresponding to the said designation for the other section, said body portion having its back provided with indiciak having a part thereof extending transversely of one section and the remaining part extending transversely of the other section to'indicate for recording below said indicia and transversely of both sections data relating' to the transfer of the complete valid certificate, said body portion further provided with means extending from one section and onto the other to indicate the source of issuance of the certificate, said sections further having corresponding means to designate the character of-and the value of the complete valid certificate, and said body portion further provided with means to constitute a plurality of consecutively numberedseverable coupons at one end of each of said sections, the coupons on one section having Ameans thereon to designate to which section theybelong.

In testimony whereof, we affix our signatures hereto.

'CARL F. FORTUNE.

wiiLTnnn. GENT-RY.

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