Whenever the owner of any coupon bond, or of any bond payable to bearer, already issued
or hereafter issued by any municipal corporation now or hereafter existing in this
state, whether organized under special charter or not, shall present any such bond
to the treasurer or other officer of such corporation, who by law performs the duties
of treasurer, with a request for the conversion of such bond into a registered bond,
such treasurer, or such other officer, shall cut off and cancel the coupons of any
such coupon bond so presented, and shall stamp, print or write upon such coupon bond,
or such other bond payable to bearer, so presented, either upon the back or upon the
face thereof, as may be convenient, a statement to the effect that the said bond is
registered in the name of the owner, and that thereafter the interest and principal
of said bond are payable to the registered owner. Thereafter, and from time to time any such bond may be transferred by such registered
owner in person, or by attorney duly authorized on presentation of such bond to such
treasurer, or such other officer, and the bond be again registered as before, a similar
statement being stamped, printed or written thereon. Such statement stamped, printed or written upon any such bond may be in substantially
the following form:
(Date, giving month, day and year.)
This bond is registered pursuant to the statute in such cases made and provided in
the name of․․․․ (here insert name of owner) and the interest and principal thereof are hereafter
payable to such owner.
․․․․․․․․, treasurer (or such other officer).
After any bond shall have been registered as aforesaid, the principal and interest
of such bond shall be payable to the registered owner. Such treasurer, or such other officer, shall keep in his office a book or books
which shall at all times show what bonds are registered and in whose names respectively.
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