§ 10-3-110. TEMPORARY AND REPLACEMENT CERTIFICATES.

(a)

Temporary bonds and interim certificates. When issuing any general obligation bonds or notes, the county may, before preparation of definitive bonds or obligations, issue interim certificates or temporary bonds, with or without coupons, which shall be exchangeable for definitive bonds or notes when the bonds or obligations have been executed and are available for delivery.

(b)

Subject to restrictions and requirements. The county shall issue interim certificates or temporary bonds subject to the restrictions and requirements set forth in the Charter or other applicable law.

(c)

Mutilated bonds. The county may:

(1)

Execute and deliver bonds or notes, in the manner provided in § 719 of the Charter or other applicable law, for the replacement of any general obligation bonds or notes previously issued, which have become mutilated or have been destroyed or lost; or

(2)

Pay any general obligation bonds or notes and any coupons issued with them which have matured and which have become mutilated or have been destroyed or lost, without requiring presentation of the bond or note, on the conditions and after receiving an indemnity in an amount that the Director of Budget and Finance may determine to be proper and necessary.

(1988 Code, § 15-132) (Bill No. 87, 1990, § 2, 8-13-1990; Bill No. 49-96, § 9, 7-1-1996; Bill No. 83-00, § 2, 7-1-2004; Bill No. 72-03, § 14, 7-1-2004)