35-493. Collection and payment of bond through
bank or trust company; effect
The proceedings authorizing any bond may permit the registered holder of the bond to
authorize any bank or trust company authorized to do business in this state to present
the bond to the treasurer, finance director or paying agent of the issuer for payment of
the principal thereof, or, if the obligor has a fiscal agent without this state, the
obligor may authorize any bank or trust company doing business where such agent is
located to make the presentment. Payment to such bank or trust company constitutes
payment and satisfaction of the indebtedness.
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