PUBLIC FUNDS IN GENERAL
ISSUANCE OF REFUNDING BONDS
57-503. Payment and cancellation of outstanding bonds. As soon as said fund is so received and deposited, the state, county, school district, city, village, highway district, good roads district, irrigation district or drainage district shall immediately pay and cancel such bonds so refunded in the manner and with the effect provided by law for calling and paying such bonds.
[(57-503) 1931, ch. 190, sec. 3, p. 328; I.C.A., sec. 55-503.]