RS 971 - Issue of new bonds authorized; form
Whenever any bond duly issued by any subdivision, public body, board or agency are lost, destroyed or improperly cancelled, the issuing subdivision, public body, board or agency may, by resolution of its governing body, authorize the issuance of new bonds to replace them, upon proof of such loss, destruction, or cancellation satisfactory to the governing body and upon the giving to the bond issuing agency an indemnity bond in such amount as the governing body thereof may require.
The new bond shall in all respects be identical with those lost, destroyed or cancelled except that they shall bear on their face the following additional clause:
"This bond is issued to replace a lost, cancelled or destroyed bond under the authority of R.S. 39:971 through 39:974."
NOTE: §971 as repealed by Acts 2018, No. 569, eff. July 1, 2021.
RS 971 - Repealed by Acts 2018, No. 569, §2, eff. July 1, 2021.
Acts 2018, No. 569, §2, eff. July 1, 2021.