14-120-331. Lithographing and registration of bonds.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-120-331. Lithographing and registration of bonds.

14-120-331. Lithographing and registration of bonds. (a) The bonds shall be lithographed with such devices for identification and to prevent imitation as the board of directors may think proper. (b) The secretary shall register the bonds in a book to be kept for that purpose as the bonds are issued, stating therein the date, number, amount and place of payment, to whom issued and sold of each bond and shall take a receipt from the person to whom each of the bonds is delivered. (c) The treasurer of the board shall keep a like register and shall show all bonds paid or taken up by the board, showing when payment was made. No bond or coupon paid or taken up by the board shall again be issued but shall be cancelled by the treasurer and punched with an instrument provided for that purpose.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-331

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.