§ 35-8-1 Certificates of indebtednessissued for coupon bonds surrendered – Transfer. – (a) Whenever the holder of any coupon bond of this state shall surrender thebond, with the unpaid coupons belonging thereto, to the general treasurer, andshall request that he or she issue a certificate of that surrender, the generaltreasurer shall make an entry of the surrender in a book, to be by him or herkept for that purpose, and he or she shall issue a certificate thereof to theperson surrendering the bond, countersigned by the secretary of state, whoshall affix thereto the seal of the state, which certificate shall be dulyrecorded, and shall entitle the person receiving the certificate to receive theamount mentioned in the surrendered bond, and the interest thereon, at thetimes and places in the surrendered bond set forth.
(b) The certificate shall not be transferable except by orderof the holder thereof, or of his or her personal representative, made thereon,with notice to the general treasurer of the assignment. Upon the receipt ofnotice of the assignment, the general treasurer shall enter a memorandumthereof upon the record of the certificate. Whenever a certificate ofindebtedness issued in accordance with these provisions is transferred, thegeneral treasurer shall, on application of the person to whom the certificateis so transferred, cancel the certificate, and thereupon issue to the person anew certificate, countersigned and sealed, for the amount of principal then dueon the certificate so cancelled.
§ 35-8-1 Certificates of indebtednessissued for coupon bonds surrendered – Transfer. – (a) Whenever the holder of any coupon bond of this state shall surrender thebond, with the unpaid coupons belonging thereto, to the general treasurer, andshall request that he or she issue a certificate of that surrender, the generaltreasurer shall make an entry of the surrender in a book, to be by him or herkept for that purpose, and he or she shall issue a certificate thereof to theperson surrendering the bond, countersigned by the secretary of state, whoshall affix thereto the seal of the state, which certificate shall be dulyrecorded, and shall entitle the person receiving the certificate to receive theamount mentioned in the surrendered bond, and the interest thereon, at thetimes and places in the surrendered bond set forth.
(b) The certificate shall not be transferable except by orderof the holder thereof, or of his or her personal representative, made thereon,with notice to the general treasurer of the assignment. Upon the receipt ofnotice of the assignment, the general treasurer shall enter a memorandumthereof upon the record of the certificate. Whenever a certificate ofindebtedness issued in accordance with these provisions is transferred, thegeneral treasurer shall, on application of the person to whom the certificateis so transferred, cancel the certificate, and thereupon issue to the person anew certificate, countersigned and sealed, for the amount of principal then dueon the certificate so cancelled.
§ 35-8-1 Certificates of indebtednessissued for coupon bonds surrendered – Transfer. – (a) Whenever the holder of any coupon bond of this state shall surrender thebond, with the unpaid coupons belonging thereto, to the general treasurer, andshall request that he or she issue a certificate of that surrender, the generaltreasurer shall make an entry of the surrender in a book, to be by him or herkept for that purpose, and he or she shall issue a certificate thereof to theperson surrendering the bond, countersigned by the secretary of state, whoshall affix thereto the seal of the state, which certificate shall be dulyrecorded, and shall entitle the person receiving the certificate to receive theamount mentioned in the surrendered bond, and the interest thereon, at thetimes and places in the surrendered bond set forth.
(b) The certificate shall not be transferable except by orderof the holder thereof, or of his or her personal representative, made thereon,with notice to the general treasurer of the assignment. Upon the receipt ofnotice of the assignment, the general treasurer shall enter a memorandumthereof upon the record of the certificate. Whenever a certificate ofindebtedness issued in accordance with these provisions is transferred, thegeneral treasurer shall, on application of the person to whom the certificateis so transferred, cancel the certificate, and thereupon issue to the person anew certificate, countersigned and sealed, for the amount of principal then dueon the certificate so cancelled.
