                                 CODE OF VIRGINIA

BONDS MUTILATED, LOST OR DESTROYED (§ 15.2-5714)

Should any bond issued under this chapter become mutilated or be lost or
destroyed, the authority 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 coupons, or in lieu of and in
substitution for such lost or destroyed bond and its unmatured coupons. Such new
bond or coupon shall not be executed or delivered until the holder of the
mutilated, lost or destroyed bond (i) has paid the reasonable expense and
charges in connection therewith; (ii) in the case of a lost or destroyed bond,
has filed with the authority and its treasurer satisfactory evidence that such
bond was lost or destroyed and that the holder was the owner thereof; and (iii)
has furnished indemnity satisfactory to its treasurer.

HISTORY: Code 1950, § 15-714.12; 1962, c. 203, § 15.1-1238.1; 1997, c. 587.