574.06 DEPOSIT OF SECURITIES.
These bonds so pledged shall be delivered to the officer or department required by law to
receive the bonds of public contractors, or who may be designated by the state or other municipal
corporation or department with which the contract may be made. The deposit of the securities
shall be in lieu of and substitution for the bonds required by law to be given by such contractors.
History: (9680) 1919 c 346 s 2