Section 27-105-7 - Bonds offered for security; how dealt with

The Governor, Attorney General and auditor are authorized to cancel any coupon state bonds payable to bearer and to issue registered bonds in lieu thereof whenever such state bonds are offered as security for deposit. They shall make a full report of all such cancellations and issuance of new bonds, describing fully the bonds cancelled and the new bonds issued, and report same to the next succeeding legislative session.Codes, Hemingway's 1917, § 4193; 1930, § 4327; 1942, § 9129; Laws, 1908, ch. 96.