Chapter LXXII: Section 88: The Board of Control of the commercial zone where the

failed bank is located shall issue in the name of its commercial zone perpetual securities subject to call equal in amount to the amount of the deposits held by the failed bank. The securities so issued shall be in the denomination of five hundred dollars and multiples thereof, and be known as Bank Bonds of ---- Commercial Zone, and shall bear interest at the rate of 6 per cent per annum, payable annually.