(1) Before the board delivers any securities under this article, all such securities shall be registered by the treasurer in a book kept in his office for that purpose. (2) The register shall show: (a) The principal amount of the securities; (b) The time of payment of each of the securities; and (c) The rate of interest each of the securities bears. (3) After registration by the treasurer, he shall cause the securities to be delivered to the purchaser thereof from the district, upon payment being made therefor on the terms of the sale.
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