10-111.Cancellation of bond or coupon; return or destruction;
payments from fiscal agency fund; record requirements; bond register entry.
(a) Whenever a fiscal agent pays a bond or coupon, such fiscal agent
shall cancel the same and return such canceled bond or coupon to the clerk
of the municipality issuing the same.
(b) When a municipality has designated a fiscal agent other than the
state treasurer, such fiscal agent shall, upon the payment of any bonds or
coupons, cancel the same and shall, at the direction of the municipality,
destroy the same or return them to the municipality. Such bonds and coupons
shall be returned or destroyed at any time after six months from
their payment date. The municipality shall direct the fiscal agent as to
the method by which the bonds or coupons shall be destroyed.
(c) Whenever a municipality has transmitted to the state treasurer, on
forms provided by the state treasurer, a request to pay moneys from the
fiscal agency fund, the state treasurer shall approve vouchers therefor in
accordance with this section and the director of accounts and reports shall
issue warrants thereon. The state treasurer shall not approve
vouchers for payment of any municipality's request in an amount greater
than moneys on deposit in the fiscal agency fund to the credit of such
municipality. Upon approval of any voucher under the provisions
of this
section, the state treasurer shall enter, on the bond register in the state
treasurer's office, a detailed statement of the bonds and interest paid
thereon. Each entry shall specify the municipality issuing the bond and the number
of each bond or any coupon which is paid and the amount paid therefor.
Thereupon, the state treasurer shall cancel all coupons and bonds paid
and detail such cancellation on the bond register.
History: R.S. 1923, § 10-111; L. 1933, ch. 34, § 3 (Special
Session); L. 1969, ch. 63, § 2; L. 1971, ch. 36, § 1; L. 1974,
ch. 45, § 6; L. 1983, ch. 49, § 25; May 12.
10-111.Cancellation of bond or coupon; return or destruction;
payments from fiscal agency fund; record requirements; bond register entry.
(a) Whenever a fiscal agent pays a bond or coupon, such fiscal agent
shall cancel the same and return such canceled bond or coupon to the clerk
of the municipality issuing the same.
(b) When a municipality has designated a fiscal agent other than the
state treasurer, such fiscal agent shall, upon the payment of any bonds or
coupons, cancel the same and shall, at the direction of the municipality,
destroy the same or return them to the municipality. Such bonds and coupons
shall be returned or destroyed at any time after six months from
their payment date. The municipality shall direct the fiscal agent as to
the method by which the bonds or coupons shall be destroyed.
(c) Whenever a municipality has transmitted to the state treasurer, on
forms provided by the state treasurer, a request to pay moneys from the
fiscal agency fund, the state treasurer shall approve vouchers therefor in
accordance with this section and the director of accounts and reports shall
issue warrants thereon. The state treasurer shall not approve
vouchers for payment of any municipality's request in an amount greater
than moneys on deposit in the fiscal agency fund to the credit of such
municipality. Upon approval of any voucher under the provisions
of this
section, the state treasurer shall enter, on the bond register in the state
treasurer's office, a detailed statement of the bonds and interest paid
thereon. Each entry shall specify the municipality issuing the bond and the number
of each bond or any coupon which is paid and the amount paid therefor.
Thereupon, the state treasurer shall cancel all coupons and bonds paid
and detail such cancellation on the bond register.
History: R.S. 1923, § 10-111; L. 1933, ch. 34, § 3 (Special
Session); L. 1969, ch. 63, § 2; L. 1971, ch. 36, § 1; L. 1974,
ch. 45, § 6; L. 1983, ch. 49, § 25; May 12.
10-111.Cancellation of bond or coupon; return or destruction;
payments from fiscal agency fund; record requirements; bond register entry.
(a) Whenever a fiscal agent pays a bond or coupon, such fiscal agent
shall cancel the same and return such canceled bond or coupon to the clerk
of the municipality issuing the same.
(b) When a municipality has designated a fiscal agent other than the
state treasurer, such fiscal agent shall, upon the payment of any bonds or
coupons, cancel the same and shall, at the direction of the municipality,
destroy the same or return them to the municipality. Such bonds and coupons
shall be returned or destroyed at any time after six months from
their payment date. The municipality shall direct the fiscal agent as to
the method by which the bonds or coupons shall be destroyed.
(c) Whenever a municipality has transmitted to the state treasurer, on
forms provided by the state treasurer, a request to pay moneys from the
fiscal agency fund, the state treasurer shall approve vouchers therefor in
accordance with this section and the director of accounts and reports shall
issue warrants thereon. The state treasurer shall not approve
vouchers for payment of any municipality's request in an amount greater
than moneys on deposit in the fiscal agency fund to the credit of such
municipality. Upon approval of any voucher under the provisions
of this
section, the state treasurer shall enter, on the bond register in the state
treasurer's office, a detailed statement of the bonds and interest paid
thereon. Each entry shall specify the municipality issuing the bond and the number
of each bond or any coupon which is paid and the amount paid therefor.
Thereupon, the state treasurer shall cancel all coupons and bonds paid
and detail such cancellation on the bond register.
History: R.S. 1923, § 10-111; L. 1933, ch. 34, § 3 (Special
Session); L. 1969, ch. 63, § 2; L. 1971, ch. 36, § 1; L. 1974,
ch. 45, § 6; L. 1983, ch. 49, § 25; May 12.