When due, the interest and principal of such registered bonds shall be paid only to the person, corporation, or firm appearing by the records of the City to the owner thereof, or order. Such registered bonds may be transferred on such record by the owner in person or by a person authorized to do so by power of attorney duly executed. The exchange and registration here required shall be transacted by the Sinking Fund Commission at their business office where a registry shall be kept for that purpose which shall show the date, series, denomination and owner of such registered bonds, and the number and series of the coupon bonds for which they were exchanged.
(Ord. No. 2641-A-55. Passed 2-27-56, eff. 3-1-56)