§ 9518 Refunding Bond Interest Coupons

• •Interest coupons on refunding bonds must be numbered in order.
• •The secretary of the board must sign these coupons.
• •The signature can be printed (like a stamp) instead of handwritten.

A city issues new bonds to pay off old ones.

The little tickets (coupons) for interest payments must be numbered 1, 2, 3, etc., and the board secretary must sign them, even if it's just a printed signature.