Chapter CCLIV. to provide for the issue of Bonds in Lieu of destroyed or defaced Bonds of the United States
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CHAP. CCLIV.— An Act to provide for the issue of Bonds in Lieu of destroyed or defaced Bonds of the United States.June 1, 1872. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That whenever it shall appear toBonds of the United States may be issued in lieu of those destroyed or defaced. the Secretary of the Treasury, by clear and unequivocal proof, that any interest-bearing bond of the United States has, without bad faith upon the part of the owner, been destroyed, wholly or in part, or so defaced as to impair its value to the holder, and which bond shall be identified by number and description, the Secretary of the Treasury shall, under such regulations and with such restrictions as to time and retention for security or otherwise as he may prescribe, issue a duplicate of such bond, having the same time to run, bearing like interest as the bond so proved to have been destroyed or defaced, and so marked as to show the original number of the bond destroyed and the date thereof: *Provided,* That where such destroyedCalled bonds to be paid. or defaced bonds shall appear to have been of such a class or series as has been or may, before such application, be called in for redemption, instead of issuing duplicates thereof they shall be paid, with such interest only as would have been paid if presented in accordance with such call.
Sec. 2. That the owner of such destroyed or defaced bond shall surrenderOwners of destroyed, &c., bonds, to give bond of indemnity with sureties. the same, or so much thereof as may remain, and shall file in the treasury a bond in a penal sum double the amount of said destroyed or defaced bond, and the interest which would accrue thereon until the principal thereof is due and payable, with two good and sufficient sureties, residents of the United States, to be approved by the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any claim upon the said destroyed or defaced bond.
Approved, June 1, 1872.