§ 35-2-420 — General obligation coupon bonds; payment of interest and principal

The county treasurer where said district's funds are kept may
pay out of any moneys belonging to said district tax fund, the
interest and the principal upon any bonds issued by such
district, when the same becomes due, upon the presentation at
his office of the proper coupon or bond, which must show the
amount due, and each coupon must also show the number of the
bond to which it belonged, and all bonds and coupons so paid,
must be reported to the district trustees at their first regular
meeting thereafter.