33-1119 REDEMPTION OF BONDS HELD BY STATE. - Idaho Statutes

TITLE 33

EDUCATION

CHAPTER 11

SCHOOL BONDS

33-1119. Redemption of bonds held by state. Whenever the bonds of any school district have been purchased and are held by the department of finance and any said bond, or the interest on any said bond, becomes due and payable, the treasurer of the district shall remit to said department the amount of money required to pay and redeem the same. The said department, upon finding such payment in order, shall mark such bonds or interest coupons "canceled," and return the same to the treasurer of the school district.