7-7-4272. Cancellation of bonds and coupons. (1) All bonds and interest coupons paid by the city treasurer or town clerk from time to time shall be canceled by him, and after such cancellation, he shall deliver the same to the city or town clerk, with a report showing the numbers of such bonds and the amounts paid as principal and interest thereon. The city treasurer or town clerk shall enter on the records of the registration of such bonds the date of the payment of the same and the several coupons attached thereto.
     (2) The city or town clerk shall exhibit such bonds and coupons, with such report, to the city or town council at the next regular meeting thereof.

     History: En. Sec. 28, Ch. 160, L. 1931; re-en. Sec. 5278.28, R.C.M. 1935; R.C.M. 1947, 11-2328(part).