2007 California Education Code Article 5. Registration Of Bonds

CA Codes (edc:15190-15194)

15190.  Whenever the owner of any coupon bond or of any bond payable
to bearer presents the bond to the treasurer or other officer of the
county in which the district is located, who by law performs the
duties of treasurer, with a request for the conversion of the bond
into a registered bond, the treasurer or other officer shall cut off
and cancel the coupons of the coupon bond, and shall stamp, print, or
write upon the coupon bond or other bond payable to the bearer,
either upon its back or upon its face, as may be convenient, 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.


15191.  After registration any bond may be transferred by the
registered owner in person, or by attorney duly authorized, on
presentation of the bond to the treasurer or other officer performing
the duties of treasurer.  The bond may be again registered as
before, a similar statement being stamped, printed, or written
thereon.



15192.  The statement stamped, printed, or written upon the bond may
be substantially in the following form:



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

        This bond is registered pursuant to the statute in such
    cases made and provided in the name of (insert name of owner)
    and the interest and principal thereof are hereafter payable
    to the owner.
                              __________________________________
                                 Treasurer (or other officer)



15193.  After any bond has been registered as provided in this
article, the principal and interest of the bond shall be payable to
the registered owner.


15194.  The treasurer or other officer shall keep in his or her
office a book or books which shall at all times show what bonds are
registered and in whose name respectively.