Code of Virginia § 21-130.1. Bonds mutilated, lost or destroyed.

157 words·~1 min read·/va/title-21/chapter-2/21-130-1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Should any bond issued under this chapter become mutilated or be lost or destroyed, the governing body of the county may cause a new bond of like date, number and tenor to be executed and delivered in exchange and substitution for, and upon 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 shall not be executed or delivered until the holder of the mutilated, lost or destroyed bond

(1)has paid the reasonable expense and charges in connection therewith and

(2)in the case of a lost or destroyed bond has filed with the governing body and the county treasurer evidence satisfactory to such governing body and treasurer that such bond was lost or destroyed and that the holder was the owner thereof and

(3)has furnished indemnity satisfactory to the county treasurer.

1962, c. 208.