Purchase of bonds--approval and payment--securities depositedwith treasurer.

172.640. Whenever said board shall contract with the sellerof any such bonds or securities, the board shall requisition andthe commissioner of administration shall approve, and the stateauditor shall forthwith issue, a warrant upon the state treasurerfor the purchase price agreed upon, payable out of the seminaryfund, in favor of such seller. All bonds or securities sopurchased shall be made payable to, or be registered in the nameof, the state treasurer as trustee of the seminary fund and shallbe deposited as part of the seminary fund with the statetreasurer who shall give his receipt therefor to said board ofcurators.

(RSMo 1939 § 10883, A.L. 1945 p. 1634 § 6, A.L. 1951 p. 472 § 6)

Prior revisions: 1929 § 9724; 1919 § 11596; 1909 § 11168