Sec. 1047.205. REGISTRATION OF REFUNDING BONDS. (a) After registration of refunding bonds, the comptroller shall: (1) cancel the bonds to be refunded and the interest coupons for those bonds; and (2) deliver the refunding bonds to the proper party. (b) Bonds to be refunded may be presented for cancellation in installments with a corresponding amount of refunding bonds registered and delivered as provided by this section.
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