Any member of any board of county commissioners, any member of any city council, or member of any board of city commissioners, any member of any town council, any member of any township board, any member of any city board of education, any member of any school district board, and any other officer of any of the aforesaid political corporations or subdivisions of this state, or any other officer of any political corporation or subdivision of this state, who shall sell, or agree to sell, or contract to sell at less than par, any bonds of his respective county, city, town, township, school district, or other political corporation or subdivision, shall be guilty of a misdemeanor, forfeit and be removed from office, and in addition, be liable on his official bond for the difference between the sum received and the par value of the bonds with accrued interest thereon.

Laws 1913, c. 165, p. 380, § 2.