Section 18: Discount of notes
62 words·~1 min read·
/ma/part-i/title-vii/chapter-44/18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 18. Notes issued under section four, five, five A, five B, six, six A or seventeen may be sold at such discount as the treasurer or other officer authorized to sell the same may, with the approval of the officer or officers whose counter-signature is required on said notes, deem proper, the discount to be treated as interest paid in advance.