§ 35-8-2 Destruction of bonds andcertificates unsold or repurchased by state – Certificate. – (a) All bonds, coupons, and certificates of indebtedness which have or shallbecome the property of the state, except those held by the sinking fundcommission, and all bonds, coupons, and certificates of indebtedness which havebeen issued by the state but which have not been sold during a period of five(5) years after the issuance of the bonds, coupons, and certificates ofindebtedness, shall, within a reasonable time after the five-year period, bedestroyed by the general treasurer by burning the bonds and certificates, inthe presence of the secretary of state, the director of administration, and theattorney general, who shall make, sign, and deliver to the general treasurer acertificate containing the number, date of issue, and denomination of eachbond, and of each coupon and certificate of indebtedness so destroyed, and ofthe time when destroyed, which certificate shall be, by the general treasurer,with his or her next report, transmitted to the general assembly.
(b) At his or her discretion, the general treasurer mayauthorize the banks acting as fiscal agents of the state for these bonds andcertificates of indebtedness to destroy the bonds, coupons, and certificates ofindebtedness paid by them and submit to the general treasurer a notarizedcertificate of destruction in place of the paid bonds, coupons, and certificateof indebtedness, listing in numerical order the bond issue, bond and/or couponnumber, date of issue, and denominations of each bond and of each coupon andcertificate of indebtedness so destroyed and the time when destroyed. Thedestruction certificate, to be provided by the general treasurer, shall besubmitted by the fiscal agents in regular intervals each month, together with acertification of the balance of the funds remaining in each bond account forthe indebtedness matured and not presented for payment. The general treasurerand the state shall not be held liable for any bond, coupon, or certificate ofindebtedness certified as reported destroyed by any bank acting as fiscalagents of the state.
§ 35-8-2 Destruction of bonds andcertificates unsold or repurchased by state – Certificate. – (a) All bonds, coupons, and certificates of indebtedness which have or shallbecome the property of the state, except those held by the sinking fundcommission, and all bonds, coupons, and certificates of indebtedness which havebeen issued by the state but which have not been sold during a period of five(5) years after the issuance of the bonds, coupons, and certificates ofindebtedness, shall, within a reasonable time after the five-year period, bedestroyed by the general treasurer by burning the bonds and certificates, inthe presence of the secretary of state, the director of administration, and theattorney general, who shall make, sign, and deliver to the general treasurer acertificate containing the number, date of issue, and denomination of eachbond, and of each coupon and certificate of indebtedness so destroyed, and ofthe time when destroyed, which certificate shall be, by the general treasurer,with his or her next report, transmitted to the general assembly.
(b) At his or her discretion, the general treasurer mayauthorize the banks acting as fiscal agents of the state for these bonds andcertificates of indebtedness to destroy the bonds, coupons, and certificates ofindebtedness paid by them and submit to the general treasurer a notarizedcertificate of destruction in place of the paid bonds, coupons, and certificateof indebtedness, listing in numerical order the bond issue, bond and/or couponnumber, date of issue, and denominations of each bond and of each coupon andcertificate of indebtedness so destroyed and the time when destroyed. Thedestruction certificate, to be provided by the general treasurer, shall besubmitted by the fiscal agents in regular intervals each month, together with acertification of the balance of the funds remaining in each bond account forthe indebtedness matured and not presented for payment. The general treasurerand the state shall not be held liable for any bond, coupon, or certificate ofindebtedness certified as reported destroyed by any bank acting as fiscalagents of the state.
§ 35-8-2 Destruction of bonds andcertificates unsold or repurchased by state – Certificate. – (a) All bonds, coupons, and certificates of indebtedness which have or shallbecome the property of the state, except those held by the sinking fundcommission, and all bonds, coupons, and certificates of indebtedness which havebeen issued by the state but which have not been sold during a period of five(5) years after the issuance of the bonds, coupons, and certificates ofindebtedness, shall, within a reasonable time after the five-year period, bedestroyed by the general treasurer by burning the bonds and certificates, inthe presence of the secretary of state, the director of administration, and theattorney general, who shall make, sign, and deliver to the general treasurer acertificate containing the number, date of issue, and denomination of eachbond, and of each coupon and certificate of indebtedness so destroyed, and ofthe time when destroyed, which certificate shall be, by the general treasurer,with his or her next report, transmitted to the general assembly.
(b) At his or her discretion, the general treasurer mayauthorize the banks acting as fiscal agents of the state for these bonds andcertificates of indebtedness to destroy the bonds, coupons, and certificates ofindebtedness paid by them and submit to the general treasurer a notarizedcertificate of destruction in place of the paid bonds, coupons, and certificateof indebtedness, listing in numerical order the bond issue, bond and/or couponnumber, date of issue, and denominations of each bond and of each coupon andcertificate of indebtedness so destroyed and the time when destroyed. Thedestruction certificate, to be provided by the general treasurer, shall besubmitted by the fiscal agents in regular intervals each month, together with acertification of the balance of the funds remaining in each bond account forthe indebtedness matured and not presented for payment. The general treasurerand the state shall not be held liable for any bond, coupon, or certificate ofindebtedness certified as reported destroyed by any bank acting as fiscalagents of the state.
