Charter of the City of Galveston As Passed By the 28th Legislature of the State

Cover Charter of the City of Galveston As Passed By the 28th Legislature of the State
Charter of the City of Galveston As Passed By the 28th Legislature of the State
Galveston Tex
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67 Charter of the City of Galveston Bond or evi- dence of debt to be cancelled.
Unmatured coupons to be surrendered with bonds redeemed.
of indebtedness for which a new bond is to be issued under the provisions of this Act, and before the said bond is delivered, to cancel the evidence of indebtedness so surrendered with a punch or by w r riting across the face thereof that it is cancelled, so that it can not be again used. All matured interest coupons shall be surrendered with the bonds, and no
... bond shall be received or refunded from which unmatured interest coupons are detached, unless such coupons are produced and surrendered with the bond.
register ( n ) Said Board of Commissioners shall also keep, or cause to be kept, for and on behalf of the City of Galveston, a com- plete bond registry and set of books, showing all bonds issued, the date and amount thereof, the rate of interest, maturity, etc. , of all bonds or other indebtedness surrendered under the provisions of this Act, and all the other transactions of such Board having reference to the refunding of the indebtedness Payment of .


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