Whenever it shall be made to appear to the Governor, auditor and Treasurer, by clear and satisfactory evidence, that any duly registered bond of the State of Alabama, bearing interest, has been lost or destroyed so that the same is not held by any person as his property, they shall issue a duplicate of such registered bond, in like amount, bearing like interest and executed and marked in like manner as the bond so proved to have been lost or destroyed. But the owner of such lost or destroyed bond shall first execute a penal bond in double the amount of such lost or destroyed bond and the interest which would thereafter accrue thereon, with two good and sufficient sureties, to be approved by the Governor, payable to the State of Alabama, with condition to indemnify and save harmless the state from any claim because of such lost or destroyed bond. Such penal bond shall be filed and kept in the office of the Treasurer, and a copy thereof, duly certified by the Treasurer, is admissible in evidence in any court.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Section 36-17-2 - Jurisdiction of Action Upon Treasurer's Bond.
Section 36-17-3 - Duties Generally.
Section 36-17-4 - Chief Clerk and Other Assistants.
Section 36-17-4.1 - Additional Employee.
Section 36-17-5 - Officers and Employees Subject to Merit System.
Section 36-17-6 - Settlement of Accounts and Delivery of Books, etc., on Removal or Resignation.
Section 36-17-8 - Procedure for Drawing Money for Payment of Interest.
Section 36-17-10 - Payment of Interest.
Section 36-17-11 - When Treasurer Not Liable for Loss in Providing for Payment of Interest.
Section 36-17-12 - Custodian of State Bonds, etc., Redeemed; Registry of Paid Bonds.
Section 36-17-14 - Issuance of Duplicates of Lost or Destroyed Registered State Bonds.
Section 36-17-15 - Conversion of Coupon Bonds Into Registered Bonds and Vice Versa.
Section 36-17-16 - Destruction of Cancelled State Warrants and Journals Relating Thereto.
Section 36-17-17 - Special Trustee of State Sinking Funds.
Section 36-17-19 - Bonds, etc., to Be Deposited With Treasurer and Payments Made to Treasurer.