Sec. 3-23. Destruction of matured bonds.
Sec. 3-23. Destruction of matured bonds. (a) The Treasurer is authorized to destroy any bonds of the state as the same mature and are paid and any coupons issued by
the state after the same have been paid and cancelled. A certificate containing a description of such bonds or coupons so destroyed, duly witnessed and signed by the Treasurer
or his deputy and the Auditors of Public Accounts, shall be kept on file in the office of
the Treasurer.
(b) The Treasurer may designate one or more national banking associations, state
banks, trust companies, or state bank and trust companies in this state or in the state of
New York, to destroy any such paid bonds and coupons and accept their certificate as
proof of such destruction. In such case, any such certificate issued by a national banking
association, state bank, trust company or state bank and trust company, shall contain a
description of such bonds or coupons so destroyed, be duly sworn to by an officer thereof,
and shall be kept on file in the office of the Treasurer.
(1949 Rev., S. 127; P.A. 73-626, S. 1, 2.)
History: P.A. 73-626 added Subsec. (b) allowing destruction of bonds by various banks and trust companies.