Investments may be transferred from one fund to another. Such transfers shall take the form of a sale must be duly authorized by resolution of the local agency, must be accompanied by an actual transfer of cash from one fund to the other, and shall be made at the book value of the investment as of the date of the transfer. In addition, if the security has been registered, steps must be taken to endorse on the security the name of the fund to which the investment has been transferred, by advising the issuer, or its fiscal or transfer agents, of the change in ownership and submitting the security to be transferred for cancellation and re-issue in the new name.