Pennsylvania Act 1925-180 — COMMONWEALTH BONDS, DESTRUCTION OF

Act text

COMMONWEALTH BONDS, DESTRUCTION OF
                 Act of Apr. 27, 1925, P.L. 319, No. 180              Cl. 72
                                  AN ACT

     Relating to the destruction of cancelled or unused bonds or
        other evidences of indebtedness of this Commonwealth.

        Section 1.  The Governor, the Auditor General, and the State
     Treasurer, as issuing officials, shall authorize the designated
     loan and transfer agent from time to time to destroy any bonds
     or other evidences of indebtedness of this Commonwealth which
     shall have been cancelled by the Board of Finance and Revenue or
     by any other agency of this Commonwealth which may now or
     hereafter be authorized by law to cancel bonds or other
     evidences of indebtedness of this Commonwealth.
        (1 amended June 19, 1985, P.L.57, No.21)
        Section 2.  The Governor, the Auditor General, and the State
     Treasurer shall authorize the designated loan and transfer agent
     from time to time to destroy any bonds or other evidences of
     indebtedness of this Commonwealth which shall have been printed
     and shall remain unused, prior to the maturity dates thereof.
        (2 amended June 19, 1985, P.L.57, No.21)
        Section 3.  The destruction of bonds or other evidences of
     indebtedness, as authorized and directed by this act, shall be
     accomplished by the loan and transfer agent as promptly as
     possible after the cancellation of bonds or other evidences of
     indebtedness or after the maturity dates of any unused bonds, or
     other evidences of indebtedness, shall have been passed, as the
     case may be. A certificate evidencing the destruction of bonds
     or other evidences of indebtedness shall be provided by the loan
     and transfer agent to the issuing officials.
        (3 amended June 19, 1985, P.L.57, No.21)