Code of Virginia - Title 21 Drainage, Soil Conservation, Sanitation And Public Facilities Districts - Section 21-280.1 Bonds mutilated, lost or destroyed

§ 21-280.1. Bonds mutilated, lost or destroyed

Should any bond issued by the commission become mutilated or be lost or destroyed the commission may cause a new bond of like date, number and tenor to be executed and delivered in exchange and substitution for, and upon the cancellation of, such mutilated bond and its interest coupons, or in lieu of and in substitution for such lost or destroyed bond and its unmatured interest coupons. Such new bond or coupon shall not be executed or delivered until the holder of the mutilated, lost or destroyed bond (1) has paid the reasonable expenses and charges in connection therewith and (2) in the case of a lost or destroyed bond, has filed with the chairman of the commission satisfactory evidence that such bond was lost or destroyed and that the holder was the owner thereof and (3) has furnished indemnity satisfactory to the commission.

(1962, c. 204.)

Sections:  Previous  21-274  21-275  21-276  21-277  21-278  21-279  21-280  21-280.1  21-281  21-282  21-283  21-284  21-285  21-286  21-287  Next

Last modified: April 3, 2009