184.618. Conversion of bond into registered bond, procedure. - Missouri Statutes

Conversion of bond into registered bond, procedure.

184.618. Whenever the owner of any coupon bond, or any bondpayable to bearer, already issued or hereafter issued by thedistrict shall present any such bond to the treasurer or otherofficer of such corporation, who by law performs the duties oftreasurer, with a request for the conversion* of such bond into aregistered bond, such treasurer, or such other officer, shall cutoff and cancel the coupons of any such coupon bond so presented,and shall stamp, print or write upon such coupon bond, or suchother bond payable to bearer, so presented, either upon the backor upon the face thereof, as may be convenient, a statement tothe effect that the said bond is registered in the name of theowner, and that thereafter the interest and principal of suchbond is payable to the registered owner. Thereafter, and fromtime to time, any such bond may be transferred by such registeredowner in person, or by an attorney duly authorized onpresentation of such bond to such treasurer, or such otherofficer, and the bond be again registered as before, a similarstatement being stamped, printed or written thereon. Suchstatement stamped, printed or written upon any such bond may bein substantially the following form:

..........................................

(Date, giving month, day and year)

This bond is registered pursuant to the statute in suchcases made and provided in the name of ........... (here insertname of owner) and the interest and principal thereof arehereafter payable to such owner.

............................, Treasurer (or such other officer).

After any bond has been so registered, the principal and interestof such bond shall be payable to the registered owner. Suchtreasurer, or such other officer, shall keep in his office a bookor books which shall at all times show what bonds are registeredand in whose names.

(L. 1990 S.B. 525 § 8)

*Word "conversation" appears in original rolls.