15.2-5714 - Bonds mutilated, lost or destroyed. - Virginia Statutes

§ 15.2-5714. Bonds mutilated, lost or destroyed.

Should any bond issued under this chapter become mutilated or be lost ordestroyed, the authority may cause a new bond of like date, number and tenorto be executed and delivered in exchange and substitution for, and uponcancellation of, such mutilated bond and its coupons, or in lieu of and insubstitution for such lost or destroyed bond and its unmatured coupons. Suchnew bond or coupon shall not be executed or delivered until the holder of themutilated, lost or destroyed bond (i) has paid the reasonable expense andcharges in connection therewith; (ii) in the case of a lost or destroyedbond, has filed with the authority and its treasurer satisfactory evidencethat such bond was lost or destroyed and that the holder was the ownerthereof; and (iii) has furnished indemnity satisfactory to its treasurer.

(Code 1950, § 15-714.12; 1962, c. 203, § 15.1-1238.1; 1997, c. 587.)