New York Consolidated Laws, Local Finance Law - LFN § 55.00 Bearer and registered obligations

1. Bonds payable to bearer with coupons attached for the payment of interest to bearer, and such bonds may provide for their conversion into bonds registered as to both principal and interest and not otherwise.

2. Bonds in registered form, and such bonds may provide for their conversion into coupon bonds.

1. Notes payable to bearer, with interest payable to bearer upon presentation for notation of such payment thereon if periodic payment of such interest is authorized, and such notes may provide for their conversion into notes registered as to both principal and interest and not otherwise.

2. Notes in registered form, and such notes may provide for their conversion into notes payable to bearer.