Carving out letters at the top of a board

[cconway]

I am working on this growth chart for someone and they have asked that the child's name, in this case Cody be where they letters are half on the board and the top half cut so just the letters extended beyond the top edge of the board with no pther wood around them (I hope I'm making sense). Can someone help me out with the best way to go about making this happen. mpc is attached Thanks! Charlie