Section 12.
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Whenever any bonds of a district hereafter or heretofore issued shall have been covered by an agreement between the district and the state of Oregon for the payment by the state of Oregon of interest thereon, the secretary of state shall, upon presentation of such bond, cause to be attached thereto a certificate certifying that the state of Oregon has agreed to pay interest thereon for the period of years agreed upon from the date of the issue of such bond.
A facsimile of the signature of the secretary of state printed or otherwise impressed upon said indorsement shall be a sufficient signing thereof, provided that the imprint of the secretary of state’s seal shall appear upon the indorsement and bond over and through the printed signature. The secretary of state shall receive a fee of 25 cents for every bond so certified, and all expenses incurred in connection with the provisions hereof shall be borne by the district.