§47-42  Issuance of duplicate.  (a) When the director of finance is satisfied that the bond, coupon, or both, asthe case may be, is in fact lost, stolen, destroyed, wholly or in part, ordefaced and that the claimant is the legal and beneficial owner of such bond,coupon, or both, as the case may be, and that if lost or stolen, such bond,coupon, or both, as the case may be, has not been acquired by a bona fidepurchaser, the director, except as provided in sections 47-43 and 47-44, maycause to be issued a duplicate thereof, which shall be so marked as toadequately identify it as such to the county, any transfer agent, paying agent,or bond registrar.

(b)  A duplicate bond in coupon form issued inplace of a bond lost, stolen, destroyed, or defaced shall be lithographed orsteel engraved unless otherwise provided in the proceedings authorizing theissuance thereof, and shall bear the manual signature of the director offinance or duly authorized deputy director of finance of the county and themayor of the county, and an impression of the seal of the county shall beaffixed thereon.  Any duplicate coupon issued in place of any lost, stolen,destroyed, or defaced coupon appertaining to an interest bearing bond of thecounty shall bear a lithographed or engraved facsimile of the signature of thedirector of finance.  When a duplicate of the bond being replaced bears themanual signature of the mayor and the manual signature of the director offinance or deputy director of finance in office at the time of issuance of suchduplicate bond, or any coupon being replaced bears the facsimile signature ofthe director of finance in office at the time of issuance of such coupon, thesignature of the mayor and director of finance or deputy director of financeshall be valid and sufficient and shall have the same effect as that of thepersons originally signing the bond or whose facsimile signatures appears onsuch bond, coupon, or both, as the case may be.

(c)  All duplicate bonds in fully registeredform issued in place of bonds lost, stolen, destroyed, wholly or in part, ordefaced shall be from the stock of fully registered bonds of the series thenheld by the registrar for the series and shall be executed, sealed, andauthenticated in the same manner as fully registered bonds of the series, andany duplicate fully registered bond so executed, sealed, and authenticatedshall be valid and sufficient for all purposes. [L 1989, c 80, pt of §2]