Section 1002.5 Of Article 3. Provisions Of Resolutions Of Issuance And Supplemental Resolutions From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 3.
1002.5
. A resolution of issuance may provide for the forms,
denominations, registration, transfer and interchange of debentures
issued thereunder. Debentures may be issued as coupon debentures or
as registered debentures in any denomination or denominations
authorized by the resolution of issuance. A resolution of issuance
may provide for the interchange of coupon debentures for registered
debentures and of registered debentures for coupon debentures, and
may provide for the registration of coupon debentures as to principal
only or as to both principal and interest. Debentures of different
denominations, in either coupon or registered form, may be made
exchangeable for debentures of an equal aggregate principal amount,
but of different denominations upon such terms as may be provided in
the resolution of issuance.