15-03-17. Redemption of bonds by political subdivisions

15-03-17. Redemption of bonds by political subdivisions The board of university and school lands shall allow any county, city, park district, township, or school district to redeem, at any time after two years from the date of issue, at par with accrued interest, any bonds issued by it which the state has purchased and holds as an investment of any of the permanent school funds of the state.