Section 16-5-406 - Payment, Surrender and Cancellation

16-5-406. Payment, surrender and cancellation. Contemporaneously with the issuance of the bonds in anticipation of which anticipation notes have been issued, all anticipation notes issued, even though they may not then have matured, shall be paid, both as to principal and interest to date of payment, and all such notes shall be surrendered and cancelled by the issuer.