(a) The bonds shall be lithographed with such devices for identification and to prevent imitation as the board of directors may think proper.
(b) The secretary shall register the bonds in a book to be kept for that purpose as the bonds are issued, stating therein the date, number, amount and place of payment, to whom issued and sold of each bond and shall take a receipt from the person to whom each of the bonds is delivered.
(c) The treasurer of the board shall keep a like register and shall show all bonds paid or taken up by the board, showing when payment was made. No bond or coupon paid or taken up by the board shall again be issued but shall be cancelled by the treasurer and punched with an instrument provided for that purpose.
Section: Previous 14-120-320 14-120-321 14-120-322 14-120-323 14-120-324 14-120-325 14-120-326 14-120-327 14-120-328 14-120-329 14-120-330 14-120-331 14-120-332 14-120-333 NextLast modified: November 15, 2016