Whenever it shall be made to appear to the board by clear and satisfactory evidence that any bond issued under this article has been lost, destroyed, or mutilated so that the same is not held by any person as his property, then the authority shall issue a duplicate of such lost, destroyed, or mutilated bond in like amount, bearing like interest and executed and marked in like manner as the bond so proved to have been lost, destroyed, or mutilated. But the owner of such lost, destroyed, or mutilated bond shall first execute a penal bond in double the amount of the bond sought to be replaced, together with the amount of interest which has or might thereafter accrue thereon, with some surety company qualified to do business in the State of Alabama, to be approved by the board and payable to the authority, with condition to indemnify and save harmless such authority from any claim whatsoever because of such lost, destroyed, or mutilated bond. Such penal bond shall be filed and kept with the secretary of the authority, and shall be admissible in evidence in any court.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 88 - Water, Sewer and Fire Protection Authorities.
Section 11-88-40 - Definitions.
Section 11-88-42 - Powers of Authorities Generally.
Section 11-88-48 - Supervision of Work.
Section 11-88-49 - Acceptance or Rejection of Work.
Section 11-88-50 - Payment of Cost of Improvement by Board; Specification of Cost of Improvement.
Section 11-88-52 - Manner of Assessment Generally; Limitation as to Amount of Assessment.
Section 11-88-53 - Preparation of List of Property Owners Proposed to Be Assessed for Improvement.
Section 11-88-54 - Entry of List in Assessment Book of Improvements; Contents and Status Thereof.
Section 11-88-55 - Publication of Notice as to Assessment Book.
Section 11-88-57 - Hearing of Objections and Defenses to Proposed Assessments by Board Generally.
Section 11-88-58 - Subpoena, etc., of Witnesses by Board.
Section 11-88-59 - Board to Hear and Pass Upon Objections to Proposed Assessments.
Section 11-88-62 - Reduction or Abatement of Assessments by Board.
Section 11-88-63 - Transfer and Assignment of Liens by Authorities.
Section 11-88-67 - Appeal From Assessments to Circuit Court - Authorization and Procedure Generally.
Section 11-88-69 - Appeal From Assessments to Circuit Court - Entry of Appeal on Trial Docket.
Section 11-88-77 - Appeal From Judgment of Circuit Court to Supreme Court - by Authority.
Section 11-88-79 - Manner of Payment of Assessments Generally.
Section 11-88-81 - Defaulting Property Owner May Pay Assessment, etc., Prior to Sale.
Section 11-88-82 - Cost of Advertisement and Sale to Constitute Charge Against Property to Be Sold.
Section 11-88-85 - Redemption of Property After Sale - Authorization and Procedure Generally.
Section 11-88-86 - Redemption of Property After Sale - Extension of Redemption Period.
Section 11-88-90 - Redemption of Property After Sale - Redemption During Extended Redemption Period.
Section 11-88-92 - Issuance of Bonds by Authority After Completion of Work on Improvement.
Section 11-88-93 - Consolidation of Improvements for Issuance of Bonds.
Section 11-88-95 - Notice of and Sale or Exchange of Bonds.
Section 11-88-96 - Determination of Highest Bidder for Bonds.
Section 11-88-97 - Disposition of Proceeds From Sale of Bonds.
Section 11-88-100 - Exemption From Taxation of Bonds, Notes, Etc.
Section 11-88-101 - Replacement of Lost, Mutilated, or Destroyed Bonds.
Section 11-88-108 - Redemption of Bonds.