Whenever any unpaid, outstanding and interest-bearing warrant drawn by the Controller upon the State Treasurer as provided in this chapter is presented to the board by the owner or holder thereof for the purpose of having two or more warrants issued to him in lieu thereof, the board shall present the warrant properly indorsed to the Controller for credit to the fund upon which it was originally drawn together with a claim on the Controller setting forth the following:
(a) The number and denomination of the warrant to be credited.
(b) The number of substituted warrants, and denomination of each, to be issued in lieu thereof.
(Added by Stats. 1943, Ch. 369.)