7-7-2272. Cancellation of bonds and coupons. (1) (a) All bonds and interest coupons paid by the county treasurer from time to time shall be canceled by him, and after such cancellation, he shall deliver the same to the county clerk, with a report showing the numbers of such bonds and the amounts paid as principal and interest thereon. The county treasurer shall enter on the record of the registration of such bonds the date of the payment of the same and the several coupons attached thereto.
     (b) The county clerk shall exhibit such bonds and coupons, with such report, to the board of county commissioners at the next regular meeting thereof.
     (2) (a) When any bonds have been or are purchased with any sinking and interest fund money under the provisions of 7-7-2270, such bonds, with attached interest coupons, if not then in the possession of the county treasurer, shall be immediately delivered to him. Such county treasurer shall at once endorse across the face of each such bond the word "Paid" and the date thereof and shall sign such endorsement; and such treasurer shall, without detaching the same, cancel each interest coupon attached to such bonds by endorsing across the face thereof the word "Canceled" and the date thereof and shall sign such endorsement. After making such endorsements on such bonds and coupons, the county treasurer shall enter on the record of registration thereof the date such bonds and coupons were so endorsed by him as being paid and canceled, with the numbers and amounts thereof and the dates when the same would have become due and payable if they had not been so purchased. The county treasurer shall then deliver such bonds, with the canceled coupons attached, to the county clerk, with a report showing the numbers thereof and amount paid on the purchase thereof.
     (b) The county clerk shall exhibit such bonds, with attached coupons and report, to the board at its next regular session.

     History: (1)En. Sec. 31, Ch. 188, L. 1931; re-en. Sec. 4630.31, R.C.M. 1935; Sec. 16-2045, R.C.M. 1947; (2)En. Sec. 30, Ch. 188, L. 1931; re-en. Sec. 4630.30, R.C.M. 1935; amd. Sec. 2, Ch. 46, L. 1939; amd. Sec. 1, Ch. 12, L. 1963; Sec. 16-2044, R.C.M. 1947; R.C.M. 1947, 16-2044(part), 16-2045(part).