Bonded Indebtedness of State
§ 35-8-17 Replacement or repair of damaged
bonds or notes.
Whenever the board is satisfied that any instrument or printed or written paper
presented to it is in fact a valid bond or note of the state but it is so
damaged that its condition is such as to hinder or prevent the owner or holder
thereof from making good delivery of the bond or note, the board may, upon
payment to it by the owner or holder thereof of such a sum as it deems
necessary to cover the actual expense involved, cause the damage to be repaired
or remedied by requiring the proper officers of the state to sign the bond or
note in place of their damaged or destroyed signatures or those of their
predecessors in office, to issue a duplicate bond or note, or to do whatever
else the board may require of them to repair or remedy the damage. But no
duplicate bond or note shall be so issued except upon the surrender of the
original bond or note, which shall thereupon be cancelled forthwith, and the
repaired or duplicate bond or note shall be treated in all respects as a valid
obligation of the state. On every repaired or duplicate bond or note the
general treasurer shall certify on the back thereof that the bond or note has
been repaired or issued under the provisions of this section and the
certification shall be conclusive proof that the bond or note has been repaired
or issued in accordance with the requirements of the board and that it is a
valid obligation of the state in accordance with its terms.
History of Section.
(G.L. 1938, ch. 107, § 15; P.L. 1939, ch. 668, § 1; G.L. 1956, §