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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84441</law_id><section_number>15.2-5431.17</section_number><catch_line>Interim receipts and temporary bonds; bonds mutilated, lost or destroyed</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="1" identifier="54.1">Virginia Wireless Service Authorities Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Prior to the preparation of definitive <span class="dictionary">bonds</span>, the <span class="dictionary">authority</span> may, under like restrictions, <span class="dictionary">issue</span> interim receipts or temporary <span class="dictionary">bonds</span>, with or without coupons, exchangeable for definitive <span class="dictionary">bonds</span> when such <span class="dictionary">bonds</span> have been executed and are available for delivery. <a id="paragraph-302670" class="section-permalink" href="https://vacode.org/15.2-5431.17/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If any <span class="dictionary">bond</span> issued under this chapter is mutilated, lost or destroyed, the <span class="dictionary">authority</span> may cause a new <span class="dictionary">bond</span> of like date, number and tenor to be executed and delivered upon the cancellation in exchange or substitution for a mutilated <span class="dictionary">bond</span> and its interest coupons, or in lieu of and in substitution for a lost or destroyed <span class="dictionary">bond</span> and its unmatured interest coupons. Such new <span class="dictionary">bond</span> or coupon shall not be executed or delivered until the holder of the mutilated, lost or destroyed <span class="dictionary">bond</span> has (i) paid the reasonable expense and charges in connection therewith and, in the case of a lost or destroyed <span class="dictionary">bond</span>, has filed with the <span class="dictionary">authority</span> and its treasurer <span class="dictionary">evidence</span> satisfactory to such <span class="dictionary">authority</span> and its treasurer that such <span class="dictionary">bond</span> was lost or destroyed and that the holder was the owner and (ii) furnished indemnity satisfactory to the treasurer of the <span class="dictionary">authority</span>. <a id="paragraph-302671" class="section-permalink" href="https://vacode.org/15.2-5431.17/#B"><i class="fa fa-link"/></a></p></section></text><history>2003, c. 643.</history><metadata></metadata></law>
