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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348772</law_id><section_number>15.2-5413</section_number><catch_line>Interim receipts and temporary bonds; lost, stolen and destroyed bonds</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="13" identifier="54">Electric Authorities Act</unit></structure><text>
						<section><p>Prior to the preparation of definitive <span class="dictionary"><span class="dictionary">bonds</span></span>, the <span class="dictionary">authority</span> may <span class="dictionary">issue</span> interim receipts or temporary <span class="dictionary"><span class="dictionary">bonds</span></span>, with or without coupons, exchangeable for definitive <span class="dictionary"><span class="dictionary">bonds</span></span> when such <span class="dictionary"><span class="dictionary">bonds</span></span> have been executed and are available for delivery.</p><p>Should any <span class="dictionary">bond</span> issued under this chapter or any coupon appertaining thereto become mutilated or be lost, stolen or destroyed, the <span class="dictionary">authority</span> may cause a new <span class="dictionary">bond</span> or coupon of like date, number and tenor to be executed and delivered in exchange and substitution for, and upon the cancellation of such mutilated <span class="dictionary">bond</span> or coupon, or in lieu of and in substitution for such lost, stolen or destroyed <span class="dictionary">bond</span> or coupon. Such new <span class="dictionary">bond</span> or coupon shall not be executed or delivered until the holder of the mutilated, lost, stolen or destroyed <span class="dictionary">bond</span> or coupon has (i) paid the reasonable expense and charges in connection therewith; (ii) in the case of a lost, stolen or destroyed <span class="dictionary">bond</span> or coupon, filed with the <span class="dictionary">authority</span> or its fiduciary <span class="dictionary">evidence</span> satisfactory to such <span class="dictionary">authority</span> or its fiduciary that such <span class="dictionary">bond</span> or coupon was lost, stolen or destroyed and that the holder was the owner thereof; and (iii) furnished indemnity satisfactory to the <span class="dictionary">authority</span>.</p></section></text><history>1979, c. 416, &#xA7; 15.1-1616; 1997, c. 587.</history><metadata></metadata></law>
