CHAPTER 2. Cancellation and Reissuance [53200. - 53247.]

Chapter 2 added by Stats. 1951, Ch. 336.

§§ 53200–53247 · 18 sections

1. ARTICLE 1. Permissive §§ 53200–53202 · 3 sections

   • § 53200 The board, at the request of the holder of any warrant, may cancel it and issue two or more warrants in lieu thereof.
   • § 53201 If the canceled warrant has been registered each new warrant shall state that it is issued partly in lieu of a registered warrant, giving the dates of issuance…
   • § 53202 New warrants issued pursuant to this article shall be issued for the principal only of the old warrant, but, upon registration, shall bear interest from the…
2. ARTICLE 2. Mandatory §§ 53220–53226 · 7 sections

   • § 53220 The board shall, on demand of the holder of any demand warrant outstanding one year or more, or any time warrant overdue one year of more, cancel the same and…
   • § 53221 Warrants issued for interest pursuant to this article shall not bear interest.
   • § 53222 Upon drawing an interest warrant the board shall endorse on the reverse of the old warrant the fact that interest has been paid to the date of drawing the…
   • § 53223 An interest warrant shall state that it is drawn for interest on warrant No. ____ to ____ (date).
   • § 53224 The board shall notify the county treasurer upon drawing an interest warrant, and he shall note on his register of warrants the fact that interest has been…
   • § 53225 A demand warrant not paid or presented for reissuance within four years after its date, or a time warrant not paid within four years after its maturity may,…
   • § 53226 The board and the county treasurer may cancel all warrants which have not been paid or reissued, or which have not been extended one or more times, within four…
3. ARTICLE 3. Lost, Destroyed, Mutilated or Defaced Warrants §§ 53240–53247 · 8 sections

   • § 53240 When the board is convinced by clear and unequivocal proof that a warrant of the district, without bad faith on the part of the holder, has been lost,…
   • § 53241 A holder desiring to have a duplicate warrant issued shall make a written application to the board stating the facts, and shall accompany the application with…
   • § 53242 The holder of a lost or destroyed warrant shall file, with the application, a bond in double the face value of the lost or destroyed warrant.
   • § 53243 The bond must be approved by the board and conditioned to indemnify and save harmless the district for any claim upon the lost or destroyed warrant.
   • § 53244 The bond of indemnification shall be executed jointly and severally by the holder and a corporate surety approved by the board and duly authorized to do…
   • § 53245 The holder of a mutilated or defaced warrant shall, at the time of filing the application for a duplicate, deliver the mutilated or defaced warrant to the…
   • § 53246 The board, upon receipt of an application for the replacement of a lost, destroyed, mutilated, or defaced warrant, shall pass a resolution stating the facts,…
   • § 53247 The duplicate warrant shall be signed by the same officers and issued in all respects as nearly as possible as the original instrument, and shall have all the…