10-606. Registration of bonds by designated fiscal agents; record; notice; coupons; transfers; assignments; forms. The Kansas bank designated as the fiscal agent by the governing body of a municipality shall register any bonds payable at the office of the fiscal agent which the bondholder may present, for recording in a book kept for that purpose, showing the municipality issuing the bond, the series of the bond, the date, amount, number, maturity, the purpose for which the bond was issued and the name and post-office address of the bondholder. On registering any bond, the fiscal agent shall notify the municipality issuing the bond of its registration and the bond shall be payable on its maturity by the municipality through the fiscal agent. When the fiscal agent registers any bond, the registration shall be evidenced by notation to that effect on the reverse side of the bond, after which no transfer shall be valid unless made at the written request of the registered owner or a duly authorized agent in writing and similarly noted on the bond. The bond may be discharged from registration by being registered to bearer and thereupon transferability shall be restored. The bond may again be registered or be transferred to bearer as before. Registration shall not affect the negotiability of any interest coupons appertaining to any bond issued prior to the effective date of this act. The fiscal agent shall have printed forms for use in making such assignments which shall be delivered to persons desiring the same on request.
History: L. 1969, ch. 63, § 6; L. 1981, ch. 57, § 2; L. 1983, ch. 49, § 35; May 12.
Structure Kansas Statutes
Chapter 10 - Bonds And Warrants
Article 6 - Registration Of Bonds
10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
10-602 Assignments; release from registration.
10-603 Payment of bonds; deposit in bond services fee fund.
10-605 Negotiability of coupons.
10-607 Same; redemption of bonds.
10-622 Purpose of registration; federal requirement.
10-623 Systems of registration; approval by attorney general.
10-624 Uncertificated bonds; statement of rights; facsimile signatures.
10-626 Costs of system of registration; fees and charges.
10-628 State treasurer; municipal securities rulemaking board requirements.
10-629 Bonds pledgeable as a security for public deposits.
10-630 Registration records; exempt from public inspection.
10-632 Provisions to be construed with uniform commercial code and contract law.