All bonds hereafter issued by the municipality shall, before the bonds or any of them are sold or negotiated, be presented to the Auditor of Public Accounts, and he or she shall examine the bonds and all proceedings relative to their issue, and if he or she be satisfied that the bonds have been legally issued for a lawful purpose, register the same in his or her office in a book kept by him or her for that purpose. He or she shall under his or her seal of office certify upon the bonds the fact that they have been regularly and legally issued, and that they have been registered in his or her office in accordance with the provisions of this section, the data filed in his or her office being the basis of the certificate. It shall be the duty of the Municipal Clerk to transmit with the bonds to the Auditor of Public Accounts a duly certified transcript of all the proceedings had previous to the issuance of the bonds relative thereto, for the information of the Auditor, and it is hereby likewise made the duty of the Clerks to furnish the transcript to the holder of any bond of the municipality on demand of the holder.
(1972 Code, § 1-1023)