Article 9 - Reissuance of Bonds, Notes, Coupon or Other Evidence of Indebtedness, Lost, Destroyed, Defaced or Mutilated

Sections (2)

Amended by Stats. 1990, Ch. 360, Sec. 1.

If lost or completely destroyed, any bond, note, coupon, or other evidence of indebtedness may be reissued in the form and tenor of the lost or destroyed bond, note, coupon, or other evidence of indebtedness, upon the owner furnishing all of the following to the satisfaction of the district:

(a)Proof of ownership.

(b)Proof of loss or destruction.

(c)An undertaking to indemnify the district against any loss incurred on account of the bond, note, coupon, or

other evidence of indebtedness.

(d)Payment of the cost of preparing and issuing the new bond, note, coupon, or other evidence of indebtedness.

§ 29271

Added by Stats. 1957, Ch. 1056.

If defaced, mutilated, or partially destroyed, any bond, note, coupon, or other evidence of indebtedness may be reissued in the form and tenor of the defaced or partially destroyed bond, note, coupon, or other evidence of indebtedness, to the bearer, or if registered, to the registered holder, at his expense, on surrender of the defaced or partially destroyed bond, note, coupon, or other evidence of indebtedness, and on such other conditions as the resolution authorizing the reissuance may provide.