Be it further enacted, that whenever any bonds, interest coupons, or other written evidence of the city's debt shall be paid and discharged, they shall be cancelled by the finance director.
Interest coupons and other evidence of debt shall be cancelled by stamping and punching, immediately upon their payment.
The cancelled bonds, coupons, and other evidence of debt shall be exhibited to and verified by the Council at its next meeting and shall be fixed in a well bound book and presented for examination in annual audits. (As amended by Priv. Acts 1995, ch. 55, sec. 5 and Priv. Acts 2014, ch. 55, sec. 1)