Authorization to Cancel Bonds, Notes and Coupons

  1. Law
  2. Tennessee Code
  3. Public Finances
  4. Local Government Public Obligations Act of 1986
  5. General Provisions Applicable to All Bonds and Notes Issued by Local Governments
  6. Authorization to Cancel Bonds, Notes and Coupons

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Whenever any bonds, notes, or interest coupons shall be paid and discharged, they shall be cancelled by stamping and punching, immediately upon their redemption. The cancelled bonds, notes, and coupons shall be retained and be available for examination in annual audits subject to §9-21-123.


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