38-1023 FORM OF BONDS -- INTEREST.
FORESTRY, FOREST PRODUCTS AND STUMPAGE DISTRICTS
CHAPTER 10
STUMPAGE DISTRICTS
38-1023. Form of bonds -- Interest. Said bonds shall be numbered from one (1) upward, consecutively, and be in denomination of not less than $100 nor more than $500. They shall bear the date of issue, shall be made payable to the bearer in not more than twenty (20) years nor less than five (5) years from the date of their issue and bear interest payable annually, with coupons attached for each interest payment. The bonds and each coupon shall be signed by the chairman of the board of stumpage commissioners and shall be attested by the secretary of said board, and the seal of such district shall be affixed to each bond but not to the coupons.