10-704.Lost or destroyed bond; issuance of duplicate; indemnifying
bond required.
A duplicate for a lost or destroyed bond shall not be issued until there
is filed with the proper officer an affidavit of some person
knowing the facts, setting forth the ownership of such bond, the
description thereof, the number of any coupons thereto attached, and the manner
of its loss or destruction, and until there is executed and
filed with the same officer an indemnifying bond, with securities to be
approved by such officer, in a sum equal to the amount of such bond and
any coupons attached if a corporate surety bond issued by a company authorized
to do business in this state is filed or, in a sum equal to double the
amount of such bond and any coupons attached if any other type of bond is
filed, conditioned that the parties thereto shall pay all damages which the
state, county, city, township or school district, as the case may be may
sustain if compelled to pay such lost or destroyed bonds or any coupons.
History: G.S. 1868, ch. 15, § 4; R.S. 1923, § 10-704; L. 1953,
ch. 58, § 1; L. 1955, ch. 73, § 1; L. 1970, ch. 65, § 1; L. 1983,
ch. 49, § 37; May 12.
10-704.Lost or destroyed bond; issuance of duplicate; indemnifying
bond required.
A duplicate for a lost or destroyed bond shall not be issued until there
is filed with the proper officer an affidavit of some person
knowing the facts, setting forth the ownership of such bond, the
description thereof, the number of any coupons thereto attached, and the manner
of its loss or destruction, and until there is executed and
filed with the same officer an indemnifying bond, with securities to be
approved by such officer, in a sum equal to the amount of such bond and
any coupons attached if a corporate surety bond issued by a company authorized
to do business in this state is filed or, in a sum equal to double the
amount of such bond and any coupons attached if any other type of bond is
filed, conditioned that the parties thereto shall pay all damages which the
state, county, city, township or school district, as the case may be may
sustain if compelled to pay such lost or destroyed bonds or any coupons.
History: G.S. 1868, ch. 15, § 4; R.S. 1923, § 10-704; L. 1953,
ch. 58, § 1; L. 1955, ch. 73, § 1; L. 1970, ch. 65, § 1; L. 1983,
ch. 49, § 37; May 12.
10-704.Lost or destroyed bond; issuance of duplicate; indemnifying
bond required.
A duplicate for a lost or destroyed bond shall not be issued until there
is filed with the proper officer an affidavit of some person
knowing the facts, setting forth the ownership of such bond, the
description thereof, the number of any coupons thereto attached, and the manner
of its loss or destruction, and until there is executed and
filed with the same officer an indemnifying bond, with securities to be
approved by such officer, in a sum equal to the amount of such bond and
any coupons attached if a corporate surety bond issued by a company authorized
to do business in this state is filed or, in a sum equal to double the
amount of such bond and any coupons attached if any other type of bond is
filed, conditioned that the parties thereto shall pay all damages which the
state, county, city, township or school district, as the case may be may
sustain if compelled to pay such lost or destroyed bonds or any coupons.
History: G.S. 1868, ch. 15, § 4; R.S. 1923, § 10-704; L. 1953,
ch. 58, § 1; L. 1955, ch. 73, § 1; L. 1970, ch. 65, § 1; L. 1983,
ch. 49, § 37; May 12.
