35-475. Exchange or sale of bonds; record of bonds paid or retired
A. The refunding bonds may be exchanged in like amount for the bonds to be refunded, or they may be sold by the governing board or body at not less than par and accrued interest, and the proceeds applied to the purpose for which the bonds were issued.
B. The governing board or body shall keep a record disclosing the date, number, amount and maturity of each bond, the payments of interest or principal thereon, and its destruction when paid or retired. All bonds paid and retired shall be burned and destroyed by the governing board or body.
Section: Previous 35-468.06 35-468.07 35-471 35-472 35-473 35-473.01 35-474 35-475 35-481 35-482 35-483 35-491 35-492 35-493 35-494 NextLast modified: October 13, 2016