When any registered bonds shall mature, the same shall be paid off by the treasurer
at the place where the same shall be payable out of any money in his hands or under
his control for that purpose, and when so paid the same shall be endorsed by the treasurer
on the face thereof Canceled, together with the date of such payment; and thereupon
be filed with the clerk, who shall enter satisfaction of such bonds upon the records
of such school district. In case such bonds are payable out of the state, an allowance of one-fourth of one
percent shall be made to the treasurer for the expense attendant in making such payment,
to be deducted from any money in his hands remaining after payment of such matured
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