New Jersey § 18a:24-34

§ 18a:24-34.

The provisions of this section shall apply to all unmatured bonds (other than temporary

loan bonds) heretofore or hereafter issued by the board of education of any school

district, under this title or any other law. a. Bonds containing provisions for registration or conversion or reconversion shall

from time to time be registered or converted or reconverted in accordance with such

provisions. b. Bonds issued in coupon form without provision for registration as to both principal

and interest shall be converted at the request of the holder into bonds registered

as to both principal and interest, by removing and cancelling all the unmatured coupons

and by executing conversion certificates written or stamped on the back of the bonds. c. Bonds issued in coupon form and subsequently converted into bonds registered as

to both principal and interest shall be reconverted into bonds in coupon form at the

written request of the registered owner or his authorized attorney or legal representative,

who shall pay the reasonable costs of such reconversion. Such reconversion shall be effected by the preparation and substitution of new bonds

bearing the same rate of interest and being otherwise of the same tenor as the original

bonds, or shall be effected by attaching to such bonds, when registered to bearer,

new coupons for the unmatured interest of the same form and tenor as those originally

authorized. Bonds reconverted as herein provided may again be converted into fully registered

bonds and when so converted may again be reconverted into bonds in coupon form, from

time to time, in the manner hereinabove provided. d. Bonds originally issued in fully registered form without the privilege of conversion

into coupon form shall at the written request of the registered owner or his authorized

attorney or legal representative be converted into bonds in coupon form of the same

or different denominations, by the preparation and substitution of new bonds with

all privileges of registration, conversion and reconversion and bearing the same rate

of interest and being otherwise of the same tenor as the original bonds. e. If lost or completely destroyed, bonds shall be reissued in the form and tenor

of the lost or destroyed bonds upon the owner furnishing, to the satisfaction of the

board of education, (1) proof of ownership, (2) proof of loss or destruction, (3)

an adequate surety bond, and (4) payment of the cost of preparing the new bonds. f. If defaced or partially destroyed, bonds shall be reissued in the form and tenor

of the defaced or partially destroyed bonds, to the bearer (or, if registered, to

the registered owner) on surrender of the defaced or partially destroyed bonds and

upon proof of ownership and payment of the cost of preparing the new bonds. g. In the case of conversion or reconversion pursuant to subsection c. or d. of this

section, the resolution of the board of education providing for the conversion or

reconversion shall set forth the written request of the registered owner or his authorized

attorney or legal representative, and the date, maturities, interest rate, denomination

and numbers of the old and the new bonds. In the case of the issuance of bonds in substitution for lost, defaced or destroyed

bonds, pursuant to subsection e. or f. of this section, the resolution of the board

of education, providing for the reissuance, shall set forth the name of the holder

or owner, and the date, maturities, interest rate, denomination and numbers of the

old and the new bonds, the amounts and terms of the surety bonds, and any other conditions

imposed by the board of education. The new bonds shall be signed by the president of the board of education and attested

by the secretary in office at the time of such conversion, reconversion or reissuance,

and the new coupons shall be authenticated by the facsimile signature of such secretary. Upon effecting such conversion, reconversion or reissuance, the officer effecting

the same shall execute a certificate identifying the bonds and coupons, and shall

file such certificate in the office of the secretary or other officer having custody

of the minutes of the board of education.