Oklahoma § 62-112 - Forms, terms and conditions of bonds issued

§ 62-112. Forms, terms and conditions of bonds issued

The State Treasurer shall have prepared registered bonds in

blank form similar in tenor to the respective issues of coupon bonds

of the State of Oklahoma, and upon the surrender of any coupon bonds

of said state shall insert in such blanks the names of the

registered owner, the amount of the bond, the date of maturity, the

numbers and such other matter as may be necessary to complete the

same to correspond in other respects to the coupon bonds

surrendered; provided, that no registered bond or bonds shall exceed

in face value the par or face value of the coupon bonds surrendered

in exchange therefor, and provided also that said registered bonds

shall have printed on the face thereof a clause substantially in the

following form:

"This registered bond is issued in substitution for and in lieu

of coupon bonds of the State of Oklahoma, dated _____, 19__, Series

______ Nos. _____, to ______ inclusive, which have been surrendered

and canceled simultaneously with the execution and issuance of this

registered bond. This registered bond may be transferred by

executing the transfer or assignment on the reverse side hereof and

by presentation to the State Treasurer or appointed agent as

provided in the Registered Public Obligations Act of Oklahoma, who

shall register said bond in the name of the transferee."

Amended by Laws 1983, c. 170, § 41, eff. July 1, 1983.