NY Loc Fin L § 72.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 5 - Local Obligations: Registration, Conversion and Reconversion Thereof 72.00 - Reconversion of Coupon Bonds Which Have Been Converted Into Registered Bonds.

§  72.00  Reconversion  of coupon bonds which have been converted into   registered bonds.  a. If a coupon bond issued prior or subsequent to the   effective date of this chapter has  been  converted  into  a  registered   bond,  the  registered holder, or his legal representatives, successors,   or transferees, may request the registration agent to notify him of  the   charge  for reconverting such bond into a coupon bond. The request shall   describe the bond and state whether coupons for the  unmatured  interest   or  a  new  bond with coupons for the unmatured interest is desired. The   registration agent shall  thereupon  ascertain  and  notify  the  person   making  such  request  of  the  expense  of  preparing  such new bond or   coupons, and other actual and necessary expenses which will be  incurred   for  mailing,  shipping or the insuring of such obligations. The holder,   or his legal  representatives,  successors,  or  transferees,  may  then   present  such  bond  with  a written request for its reconversion, which   request shall be duly acknowledged or proved, or in the alternative, the   signature of the person making such request shall be certified as to its   genuineness by an officer  of  a  bank  or  trust  company  located  and   authorized  to do business in this state, and shall at the same time pay   the said expenses for such  reconversion,  to  the  registration  agent.   Notwithstanding the foregoing provisions of this paragraph, coupon bonds   of an issue originally sold to the state of New York municipal bond bank   agency  may provide that such bonds may be reconverted from time to time   without charge or subject to such limited  charge  as  may  be  provided   therein.b.  The  registration  agent shall thereupon cause the coupons, or the   new bond with coupons, as the case may be, to be prepared. They shall be   of substantially the same form and tenor  as  those  originally  issued,   except  that  the  new bond if issued shall be signed by the appropriate   persons in office at the time of such reconversion and  shall  bear  the   date  of  the  original  bond  and  the coupons shall bear the facsimile   signature of the appropriate person  in  office  at  the  time  of  such   reconversion.  There  shall  be  endorsed on such new bond the following   statement, "This bond has been reconverted and reissued on the       day   of          ,19  . " If a new bond is issued, the original bond shall be   destroyed, and the registration agent shall make an appropriate entry in   his books of such destruction and reconversion.  If a new  bond  is  not   issued,  the registration agent shall attach the coupons to the original   bond and shall register the bond in his books as payable to bearer,  and   shall endorse a certificate of such registration upon the bond.c.  Any  bond  so  reconverted  may  again  and  from  time to time be   converted into a registered bond and reconverted into a coupon  bond  in   the manner provided in this section and section 71.00 of this chapter.