SECTIONS 5000-5009 - California Statutes

GOVERNMENT CODE

SECTION 5000-5009

5000. The owner of any coupon bond, or of any bond payable to
bearer, issued by the State, or any county, municipal corporation, or
other public corporation in the State may present the bond to the
treasurer or other officer who by law performs the duties of
treasurer and request the conversion of the bond into a registered
bond.

5001. The treasurer, or officer performing the duties of treasurer,
shall cut off and cancel the coupons of a coupon bond so presented,
and shall stamp, print, or write upon the back or the face of a
coupon or bearer bond so presented a statement to the effect that the
bond is registered in the name of the owner, and that thereafter the
interest and principal of the bond are payable to the registered
owner.

5002. The statement 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 heareafter
payable to such
owner.
__
Treasurer (or such
other officer).

5003. After any bond is registered, the principal and interest of
the bond are payable to the registered owner.

5004. The treasurer, or other officer performing the duties of
treasurer, shall keep in his office a book which shall at all times
show what bonds are registered and in whose names respectively.

5005. After a bond is registered it may be transferred from time to
time by the registered owner, in person or by attorney, on
presentation of the bond to the treasurer, or such other officer, and
the bond be again registered as before.

5006. Notwithstanding any provision to the contrary in any law or
municipal charter authorizing the issuance of bonds, whenever under
any statute of the State or any charter of any municipal corporation
in the State, any bonds are issued, they may be issued either in the
form of coupon bonds, in the form of registered bonds, or some in the
form of coupon bonds and some in the form of registered bonds, as
may be provided in the proceedings for the issuance of the bonds. The
provisions of this chapter apply to coupon bonds so issued.

5007. Any legislative or governing body which authorizes the
issuance of bonds of any county, city and county, city, municipal
corporation, public district, public authority or other public
corporation may, in its ordinance, resolution or order providing for
the issuance of such bonds, make any provision for or pertaining to
the registration of such bonds, which provisions may be different
from or supplemental to the provisions of this chapter or any other
law pertaining to registration and which may include, but are not
limited to, provisions for the original issuance of all or some of
such bonds in registered form, for the subsequent registration of any
bond issued in coupon form or payable to bearer, for the form and
manner of registration, for registration as to principal only or as
to both principal and interest, for changes from one type of
registration to another type of registration, for the discharge from
registration of any registered bond and for its conversion or
reconversion into a coupon bond or bond payable to bearer, for the
signature or signatures to be affixed to any new coupons or any new
bond issued to accomplish such conversion or reconversion, and for
the payment of expenses of registration or of change in or discharge
from registration. As used in this section the term "bonds" shall
include bonds, warrants, notes and other evidences of indebtedness.

5008. The treasurer, or officer performing the duties of treasurer,
of any county, district, municipal corporation, or other public
corporation in the State shall be entitled for registering a bond to
charge and collect a fee of one dollar ($1) for every one thousand
dollars ($1,000) of the par value thereof for the purposes of
providing the additional supplies and clerical help necessary in
complying with this chapter. The fee to be charged the holder of a
state bond for registering or reconverting shall be the fee fixed by
the State Treasurer, but shall not exceed one dollar ($1) for every
one thousand dollars ($1,000) of par value thereof.

5009. All moneys received by the State Treasurer under this chapter
shall be paid monthly into the State Treasury for credit to the
General Fund.