Res65 4811 - Laserfiche WebLink

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• presented a statement to the effect that the bond is regis- tered in the name of the owner and that thereafter the prin- cipal of and interest on the bond are payable to the registered owner. Such statement shall be substantially in the form hereinabove set forth. After such registration and notation no transfer of any such bond shall be valid unless evidenced by a written instrument of transfer in form satisfactory to the Treasurer, duly executed by the registered owner in person or by his duly authorized agent. The Treasurer shall keep in his office a registration book which shall at all times show the numbers of all registered bonds and the names and addresses of the registered owners, respectively. The addresses appear- ing in the registration book shall be deemed to be for all purposes the addresses of the registered owners. The Treasurer shall pay to the owner the interest on any registered bond by check mailed to such owner at his address appearing in the registration book and shall pay to the owner or his legal assignee the principal of any registered bond upon presenta- tion and surrender of such registered bond. The registered owner of any registered bond may at any time (provided such bond shall not have been called for redemption) present such bond to the Treasurer and request conversion of such bond into a coupon bond, in which event the Treasurer shall cancel the registration of such bond in said registration book and on the back of such bond and shall attach thereto coupons for all unmatured interest thereon and as a condition of any such conversion may require such charge therefor as it may deem proper, not exceeding $1.00 or such higher amount as may be permitted by law. Any such bond may again, from time to time, in like manner, be registered as to principal and interest. 11