Contents of certificate

Contents of certificate.-When the District Court grants a certificate, it shall therein specify the debts and securities set forth in the application for the certificate, and may thereby empower the person to whom the certificate is granted-

1. (a) to receive interest or dividends on, or
2. (b) to negotiate or transfer, or
3. (c) both to receive interest or dividends on, and to negotiate or transfer, the securities or any of them.