The proceeds of the sale of such bonds shall be placed in the county, city, town or township treasury and shall be kept by the treasurer of such office and paid out upon the orders of the governing body of the county or the city or town council for the purposes herein mentioned.
HISTORY: 1962 Code Section 32-805; 1952 Code Section 32-805; 1942 Code Section 5140; 1932 Code Section 5140; 1925 (34) 239.