If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing, to the satisfaction of the board:

1. A. proof of ownership;
2. B. proof of loss or destruction;
3. C. a surety bond in twice the face amount of the security and any coupons; and
4. D. payment of the cost of preparing and issuing the new security.

History: 1953 Comp., § 75-36-62, enacted by Laws 1963, ch. 311, § 62.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 298.