35-430

35-430. Cancellation of redeemed bonds; record
of redemption; transmittal of abstract of record; payment of
interest

A. When the state treasurer pays or redeems any indebtedness he shall endorse, by
writing or stamping in ink, on the face of the paper evidencing such indebtedness so paid
or redeemed, the words "redeemed and canceled" with the date of cancellation.

B. The state treasurer shall keep a complete record of all bonds redeemed and
surrendered, and transmit to the governor an abstract of all proceedings relative thereto
with his annual report, which shall be submitted by the governor to the legislature.

C. The treasurer shall pay the interest on the bonds, when it falls due, from the
interest fund, if sufficient, and if not sufficient, from the general fund, and for such
deficiency the director of the department of administration shall draw his warrant on the
state treasurer, payable to the order of the state treasurer from the general fund.