§ 15.2-5714. Bonds mutilated, lost or destroyed
Should any bond issued under this chapter become mutilated or be lost or destroyed, the authority may cause a new bond of like date, number and tenor to be executed and delivered in exchange and substitution for, and upon cancellation of, such mutilated bond and its coupons, or in lieu of and in substitution for such lost or destroyed bond and its unmatured coupons. Such new bond or coupon shall not be executed or delivered until the holder of the mutilated, lost or destroyed bond (i) has paid the reasonable expense and charges in connection therewith; (ii) in the case of a lost or destroyed bond, has filed with the authority and its treasurer satisfactory evidence that such bond was lost or destroyed and that the holder was the owner thereof; and (iii) has furnished indemnity satisfactory to its treasurer.
(Code 1950, § 15-714.12; 1962, c. 203, § 15.1-1238.1; 1997, c. 587.)
Sections: Previous 15.2-5700 15.2-5701 15.2-5702 15.2-5703 15.2-5704 15.2-5705 15.2-5706 15.2-5707 15.2-5708 15.2-5709 15.2-5710 15.2-5711 15.2-5712 15.2-5713 15.2-5714Last modified: April 2, 2009