Laserfiche WebLink
a <br /> Section 3. Re istration as to Princi al and Interest. <br /> Each of the bonds of this issue nay be registered for payment <br /> as to both principal and interest but not as to principal only <br /> or to interest only) and any bond so registered may be discharged <br /> from registration as hereafter provided in this Ordinance. At the <br /> option of the bearer, any bond of this issue may be registered as <br /> to both principal and interest upon presenting the same to the <br /> Trtacurar nE ohs city, (designated as and referred to herein as <br /> the Registrar for purposes of registration) accompanied by all <br /> unmatured coupons. The Registrar shall make a notation of such <br /> registration thereon and detach and cancel all unmatured interest <br /> coupons. Any bonds so registered may thereafter be transfered <br /> only upon a duly executed assignment of the registered owner or <br /> his legal representative in such form as shall be satisfactory to <br /> the Registrar. Such transfer shall be made on the registration <br /> books kept by the Registrar and shall be endorsed on the bond. <br /> The principal of and interest on any bond registered as to both <br /> principal and interest shall be payable only to, or upon the order <br /> of, the registered owner or his legal representative. <br /> Section 4. Con n versio of Re istered Bonds. Any bond <br /> registered as to both principal and interest may be reconverted <br /> into a coupon bond payable to bearer upon presentation thereof to <br /> the Registrar accompanied by an instrument duly executed by the <br /> registered owner or his legal representative, in such form as is <br /> acceptable to the Registrar. The Registrar shall attach thereto <br /> new coupons representing the interest to become due thereafter on <br /> the bond to the date of maturity and shall make notation thereon <br /> that the bond is payable to bearer. Such new coupons shall bear <br /> the facsimile signature of the officer signing the coupons as <br /> herein provided at the time of the execution of the bond, i .e. , <br /> the Treasurer of the City. Upon reconverting the bonds in <br /> accordance with this Ordinance, the RegistrIc shall require the <br /> payment of all expenses incurred by it in connection with such <br /> reconversion, payment of which together with any tax or other <br /> governmental charge required to be paid, shall be made by the <br /> holder requesting such reconversion. <br /> - 5 - <br /> ID <br />