The treasurer shall cancel the bond upon the records and deliver to the clerk of the court a receipt substantially in the following form:

“Certificate of Cancellation of Street Improvement Bond Series (designating it), in the City (or County) of (naming it).

I, ____, Treasurer of the City (or County) of ____ do hereby certify that I have received the above bond from the clerk of the Superior Court of ____ (naming county) in that certain foreclosure action entitled ____ vs. ____ No. ____, Superior Court of ____ County; and I have this day canceled said bond on my records, pursuant to the order of the court made in said case.