California Government Code ARTICLE 2 - Mutilated or Defaced Bonds
- Section 53430.
As used in this article:(a) “Bond” includes warrant or other evidence of indebtedness.(b) “Local agency” means county, city, irrigation district, reclamation district, school district, or other municipal...
- Section 53431.
When a bond of a local agency is mutilated or defaced the legislative body shall issue a duplicate if all of the following conditions exist:(a) It...
- Section 53432.
The duplicate shall have the same time to run, bear like interest, and have the same number, as the mutilated or defaced bond.(Added by Stats....
- Section 53433.
The owner of the bond desiring a duplicate shall make a written application to the legislative body, stating the facts required by this article.(Added by...
- Section 53434.
The owner shall accompany his application with a deposit of money required by the legislative body for the cost of printing, lithographing or otherwise preparing...
- Section 53435.
If required by the legislative body, the owner shall also file with his application a bond in the required sum with good and sufficient sureties,...
- Section 53436.
Upon receipt of the application, the legislative body shall adopt a resolution:(a) Stating the receipt of the application.(b) Stating the compliance with the conditions prescribed in this...
- Section 53437.
The duplicate bond shall be signed by the same officers and as nearly as possible shall be issued in the manner of the original.(Added by...
- Section 53438.
The duplicate shall be delivered in exchange for the original bond.(Added by Stats. 1949, Ch. 81.)
- Section 53439.
An exchange shall not be made unless the defaced or mutilated bond with any coupons attached is identifiable and is first surrendered by the owner.(Added...
- Section 53440.
When the original is surrendered, the legislative body shall cause proper record to be made of its cancellation and thereafter the duplicate has the validity...
Last modified: October 22, 2018