ยง 55.00 Bearer and registered obligations. a. The agency prescribing
the terms, form and contents of bonds shall provide for the issuance of
bonds in either or both of the following forms:
1. Bonds payable to bearer with coupons attached for the payment of
interest to bearer, and such bonds may provide for their conversion into
bonds registered as to both principal and interest and not otherwise.
2. Bonds in registered form, and such bonds may provide for their
conversion into coupon bonds.
b. The agency prescribing the terms, form and contents of notes shall
provide for the issuance of notes in either or both of the following
forms:
1. Notes payable to bearer, with interest payable to bearer upon
presentation for notation of such payment thereon if periodic payment of
such interest is authorized, and such notes may provide for their
conversion into notes registered as to both principal and interest and
not otherwise.
2. Notes in registered form, and such notes may provide for their
conversion into notes payable to bearer.
Structure New York Laws
Article 2 - Local Indebtedness
Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
50.00 - Agency Prescribing Terms, Form and Contents of Obligations.
51.00 - Terms, Form and Contents of Obligations.
52.00 - Recital of Validity in Obligations.
53.00 - Obligations Redeemable Prior to Maturity.
54.10 - Bonds and Notes of the City of New York; Certain Provisions.
54.30 - Costs of Sales; Bonds and Notes of the City of Buffalo.
54.40 - Bonds and Notes of the City of Yonkers.
54.50 - Costs of Sales; County of Erie.
54.60 - Cost of Sales; City of Utica.
54.70 - Cost of Sales; City of Niagara Falls, Niagara County.
54.80 - Cost of Sales; City of Lackawanna.
54.85 - Bonds and Notes of the City of Troy.
54.90 - Issuance of Bonds or Notes With Variable Rates of Interest.
55.00 - Bearer and Registered Obligations.
55.10 - Endorsements of Principal Payments on Bonds and Notes.
56.00 - Agency Selling and Issuing Obligations.
57.10 - Guidelines for Sale of Bonds and Notes on a Negotiated Basis.
58.00 - Notice of Sale of Bonds.
58.10 - Electronic Open Auction Public Bond Sale Pilot Program.
59.00 - Bids Opened Publicly; Amendments; Awards.
60.10 - Sale of Obligations to Certain Banks and Trust Companies Authorized.
61.00 - Execution of Obligations.
62.10 - Statutory Installment Bonds.