The State of Mississippi, acting by resolution of the State Bond Commission or any
political subdivision thereof acting by resolution of its governing body, may authorize
and direct the paying agent or agents for each issue of its bonds and coupons to destroy
all bonds and coupons duly paid and cancelled, and may accept in lieu thereof their
certificate containing a description of such bonds and coupons so destroyed as proof
of such destruction. Such bonds and coupons duly paid and cancelled may be destroyed not earlier than
one (1) year after the date upon which such bonds and coupons are surrendered for
payment, and only after the resolution of the State Bond Commission or the political
subdivision's governing body authorizing the destruction thereof has been delivered
to the paying agent or agents of the respective bond issues.
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