§ 35-8-18 - Replacement of lost or destroyed bond or note – Bond to protect state. - Rhode Island Statutes

SECTION 35-8-18

   § 35-8-18  Replacement of lost or destroyedbond or note – Bond to protect state. – Whenever the board is satisfied that any bond or note of the state has beenlost or destroyed, the board may, upon payment to it by the owner or holderthereof of such a sum as it deems necessary to cover the actual expenseinvolved and under such regulations and with such restrictions as it mayprescribe, order the general treasurer and/or such other officers of the stateas the board may designate to issue a duplicate of the bond or note, payable atthe same time, bearing the same rate of interest as the bond or note so lost ordestroyed, and so marked as to show the number if known and date of theoriginal bond or note. No duplicate shall be issued until the owner of the lostor destroyed bond or note shall give to the general treasurer a bond in doublethe amount of the lost or destroyed bond or note and of the interest whichwould accrue until the principal is due and payable, with two (2) sufficientsureties both residents of the state, or with a surety company authorized to dobusiness in this state, approved by the board, conditioned to indemnify andsave harmless the state from any claim or demand on account of the lost ordestroyed bond or note.