Idaho State Statutes - Idaho Attorney Directory

The state of
Idaho, through its governor and state treasurer, is authorized to have printed
extra blank state bonds of any issue now outstanding or hereafter issued; said
bonds to be kept in such secure place as may be designated by such officials.
The state treasurer is hereby authorized to receive for cancellation and
cancel any bonds which may have been or are hereafter issued, and upon
cancellation thereof to issue to the owner or holder of such bonds submitted
for cancellation, new bonds of the same issue of such higher or lower
denominations as may be requested, but the equivalent in money and in the
exact form and contents, except as to the amount of each individual bond, as
the bonds canceled.
Upon the cancellation of said bonds they shall each be mutilated by
perforating the face thereof with the word "canceled," and each coupon
attached thereto shall be mutilated by punching a hole therein, and the
numbers and denominations of the new bonds issued in place thereof shall be
stamped or written on each of said canceled bonds. The state controller and
the state treasurer shall each enter a full description of the new bonds or
bond in registers kept in their respective offices for such purpose and shall
show the cancellation of the old bonds in the proper bond register. The new
bonds shall be signed by the state controller following the word "registered."
The state officers in office at the time of the issuing of the new bonds,
holding the same offices as those signing the old bonds are hereby authorized
to sign their names, attest and execute the new bond or bonds so issued, but
such bonds shall bear the date of the original bonds. Upon the face of each
new bond as issued must appear the words: "This bond is issued this .... day
of ...., ...., in lieu of bond No. .... of this issue, in compliance with the
provisions of chapter No. 86, 1923 Session Laws of the State of Idaho,"
inserting the date of the issue of the new bond. All expenses connected with
such exchange of any bonds shall be paid in advance by the applicant.

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