CODE OF VIRGINIA

INTERIM RECEIPTS AND TEMPORARY BONDS; LOST, STOLEN AND DESTROYED BONDS (§
15.2-5413)

Prior to the preparation of definitive bonds, the authority may issue interim
receipts or temporary bonds, with or without coupons, exchangeable for
definitive bonds when such bonds have been executed and are available for
delivery.Should any bond issued under this chapter or any coupon appertaining
thereto become mutilated or be lost, stolen or destroyed, the authority may
cause a new bond or coupon of like date, number and tenor to be executed and
delivered in exchange and substitution for, and upon the cancellation of such
mutilated bond or coupon, or in lieu of and in substitution for such lost,
stolen or destroyed bond or coupon. Such new bond or coupon shall not be
executed or delivered until the holder of the mutilated, lost, stolen or
destroyed bond or coupon has (i) paid the reasonable expense and charges in
connection therewith; (ii) in the case of a lost, stolen or destroyed bond or
coupon, filed with the authority or its fiduciary evidence satisfactory to such
authority or its fiduciary that such bond or coupon was lost, stolen or
destroyed and that the holder was the owner thereof; and (iii) furnished
indemnity satisfactory to the authority.

HISTORY: 1979, c. 416, § 15.1-1616; 1997, c. 587.