FORESTRY, FOREST PRODUCTS AND STUMPAGE DISTRICTS
CHAPTER 10
STUMPAGE DISTRICTS
38-1025. Payment of bonds. It shall be the duty of the county treasurer of any county in which there may be a stumpage district issuing bonds under the provisions of this chapter, whenever he has upon hand $2,000 of the special fund for the payment of said bonds and when said bonds shall have run for a period of five (5) years, to advertise in a newspaper for the presentation to him for payment of as many of the bonds issued under the provisions of this chapter as he is able to pay with the funds, to be paid in numerical order of said bonds, beginning with the bond number one, until all of said bonds are paid: provided, that thirty (30) days after the first publication of said notice of the treasurer calling in any of said bonds, said bonds shall cease to bear interest.