There is a newer version
of
this Section
2021 Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 4 - Distribution, Storage, and Sale of Gas
Article 4 - Municipal Gas Authority of Georgia
§ 46-4-108. Lost, Stolen, or Mutilated Bond Certificates
Universal Citation: GA Code § 46-4-108 (2021)
- If any bond becomes mutilated or is lost, stolen, or destroyed, the authority may execute and deliver, and the trustee may authenticate, a new bond of like date of issue, maturity date, principal amount, and interest rate per annum as the bond so mutilated, lost, stolen, or destroyed; which new bond shall have the same provisions in all respects as those on the bond mutilated, lost, stolen, or destroyed, provided that:
- In the case of any mutilated bond, such bond is first surrendered to the authority or to the trustee;
- In the case of any lost, stolen, or destroyed bond, there is first furnished evidence of such loss, theft, or destruction satisfactory to the authority and the trustee, together with indemnity satisfactory to the authority and the trustee;
- All other reasonable requirements of the authority and the trustee are complied with; and
- Expenses in connection with such transaction are paid.
- Any bonds surrendered for exchange shall be canceled.
- The authority shall be authorized to print the new bond with the validation certificate bearing the facsimile signature of the clerk of the superior court then in office, and such certificate shall have the same force and effect as in the first instance. All responsibility with respect to the issuance of any such new bonds shall be with the authority and not with such clerk; and such clerk shall have no liability in the event an overissuance occurs.
(Code 1981, §46-4-108, enacted by Ga. L. 1987, p. 745, § 1.)
Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
