1988 Resolutions - Laserfiche WebLink

Home Browse Search

(b) ,Transfer of Bonda. Upon aurrender for transfer of any Boad duly endorsed by the resistered owner thereof or accoapan1ed by & written instrument of tranafer, tn fora satisfactory to the ....ietrar, duly executed by the registered owner thereof or by an .ttoraey duly .uthorized by the registered owner in writing, the "epstr.r shall .uthenticate .nd deliver, in the n..e of the desianated tranaferee or tranafere.., one or IIOre new Bond. of a like .sares.te princip.l Gount and maturity, .. requeated by the tr.naferor. The leg1atr.r may, havner, cloae the books for resiatr.t1n of any tran.fer after the fifteenth d.y of the 1IOIlth preced1n& ..ch 1ntereat p.,....t d.te and until such intere.t payant d.te. (c) Exchanae of Bonda. Whenever any Bond. .re surr.nd.red by the rasatered. own.r for exchanse the ".gi.trar' .hall auth.nticate and d.l:1ver ODe or aore new Bond. of . like _rea.te principal aIIOUDt ancl maturity" ,as. reque.ted by the r.a1.ter.d. owner or the- owner".. attorney in vr1t1na. ( (d) Cucellation. All Bond. surrend.r.d upon any treaafer or _cbanae ahall be pr.ptly cancelled by the lea1atrar and: ther..fter di.po.ect of as d:1rected by the City. (.)Iilprop.r or UllaUthor1zed Trauf.r. Vb_ any Bonet: fa. pr.... .eated to. th.. ".&:latter for tran.fer" the ..-&tatter may' nfu.. to transfer .. ..... 1IIltll it i. ..ti.f1ed that the> eador._e. OD auc:1t BoDcI or aqarat. ilIatruaent of transfer 1a "alid and' pnuiDe ... that the requ..te4 traDafer fa. leplly authoriaecr.. The hai8t1:ar .an. 1Dcur DO l1ab11.1ty for the refuaal" m Foci tAch,. to ute. t:nIlafar. which fJ:,.tD, 1.t. juclpent:.. de-. 1apropeJ: or Ull8uthoriaed~ (f) Persona n.eaect awnera. The City' and) the Rea:f..crar -1' treat the p.r.oo ta who.e D81I8 any Bond. ta at: any tDe reefatered fa th. bond r.i.tar as the absolute owner of such 1oDd',. vbath81:' .c:h. Bond' aha11 b. Overdue or DOt:" for the: pUJ:poa. of rece:1vina ~t: of.. OJ: QD account: of',. the principal. of and intere.t OIl: nch Bond; .... for a1.t other purpo..... ad all: auc:h ,.yants. 80 _d* to any .ach npacerec1 owner or 'UpOll th.. owner". order shall b. Ya11ct ane eU~ CO> aaC:1afy, and di.charge the 11ab:1l:1ty upOll ~ Bond to. the at:eIIt: ~ the 8U. or .... 80 paid.. (s) raze., Fe. and' Charg... POl" ."ery traafer or -c:Ilaae of Bond_. th.. a..1atrar ..y 1IIpo... . chara" UPOD the owner th.reot auffl- c1eDt to re1llbur.. th.. a.Si.tt.r tor any taz'.. fe.. or other pam- ..ntal charae reqUired to be paid v:1th re.p.ct to such trQafer or exchange. (h) Kutilated, Lo.t, Stolen or De.troy.d Bond.. Iil cu. SIlT Bond .hall b.c.. mutilated or b. de.troyed,. .tolen or lost" the lesietr.r.hell d.liv.r a new Bond of like amount,. nuaber,. _turter elate and C'enor in exchanae and substitution for and upoIl canCe1lat101l of any .uqb mutilated Bond or in lieu of and in. substitutiOlt. for SIlT such Bond d..troy.d, .tolen or lo.t, upon the payment of th..reason- .ble ...n.... and ch.rs.s of the Resi8trar in conn.ct10n tb.rew1th;. aDd, in tb cu. of a Bond d..troyed, .tol.D or lo.t, upon. f:1Uua; v:1t1t