(75 ILCS 35/3) (from Ch. 81, par. 48)
Sec. 3.
All moneys borrowed under the authority granted by this act shall
be paid to the supervisor of the township wherein the bonds issued therefor
are required to be registered, and upon receiving such moneys, the
supervisor shall deliver the bond or bonds issued therefor, to the parties
entitled to receive the same; and shall credit the sums received to the
library fund of township issuing the bonds. The said supervisor of said
township shall enter in the said bond register the exact amount received
for each and every bond issued. And when any such bonds are paid, the
supervisor shall cancel the same and shall enter in the said bond register
against the record of such bonds, the words "Paid and canceled the .... day
of ...., A. D. ....," filling the blanks with the day, month and year
corresponding with the date of such payment.
(Source: Laws 1905, p. 313.)
|