21-130.1 - Bonds mutilated, lost or destroyed. - Virginia Statutes

§ 21-130.1. Bonds mutilated, lost or destroyed.

Should any bond issued under this chapter become mutilated or be lost ordestroyed, the governing body of the county may cause a new bond of likedate, number and tenor to be executed and delivered in exchange andsubstitution for, and upon cancellation of, such mutilated bond and itsinterest coupons, or in lieu of and in substitution for such lost ordestroyed bond and its unmatured interest coupons. Such new bond shall not beexecuted or delivered until the holder of the mutilated, lost or destroyedbond (1) has paid the reasonable expense and charges in connection therewithand (2) in the case of a lost or destroyed bond has filed with the governingbody and the county treasurer evidence satisfactory to such governing bodyand treasurer that such bond was lost or destroyed and that the holder wasthe owner thereof and (3) has furnished indemnity satisfactory to the countytreasurer.

(1962, c. 208.)