20-9-434. Registration of school district bonds by county treasurer and copy for preservation.

121 words·~1 min read·/mt/title-20/chapter-9/part-4/20-9-434

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

20-9-434 . Registration of school district bonds by county treasurer and copy for preservation.

(1)When the school district bonds have been executed by the presiding officer of the trustees and the school district clerk, the bonds must be registered by the county treasurer in the treasurer's bond registration book before the bonds are delivered to the purchaser. The bond registration must show:

(a)the date of issue;

(b)the redeemable date of each bond; and

(c)the amount and due date of all payments required on the bonds.

(2)The trustees shall provide the county treasurer with an unsigned and canceled printed specimen copy of each issue of school district bonds for preservation in the office of the county treasurer.