SECTIONS 43880-43886 - California Statutes

GOVERNMENT CODE

SECTION 43880-43886

43880. Upon presentation by the owner to the city treasurer of any
coupon bond or bond payable to bearer issued by any city, with a
request for the conversion of the bond into a registered bond, the
treasurer shall cut off and cancel the coupons of the coupon bond and
stamp, print, or write upon the back or face of the coupon bond or
bond payable to bearer a statement to the effect that the bond is
registered in the name of the owner.

43881. The bond may thereafter be transferred by the registered
owner in person or by attorney duly authorized on presentation to the
treasurer, and again registered, a similar statement being stamped,
printed, or written upon it.

43882. The statement stamped, printed, or written upon the bond may
be in substantially the following form:

(Date, giving month, year, and day.)

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)

43883. After any bond has been registered, the principal and
interest shall be payable to the registered owner.

43884. The city treasurer shall keep in his office a book showing
at all times what bonds are registered and in whose names.

43885. Notwithstanding any provision of law to the contrary, bonds,
issued pursuant to statute or city charter, may be in the form of
coupon bonds or registered bonds, or some in the form of coupon bonds
and some in the form of registered bonds, as provided in the
proceedings for their issuance.

43886. This article applies to all coupon bonds and all other bonds
payable to bearer.