Common use of Lost, Destroyed or Mutilated Certificates Clause in Contracts

Lost, Destroyed or Mutilated Certificates. The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, destroyed, or mutilated upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, destroyed or mutilated. When authorizing such issue of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, destroyed or mutilated certificate or certificates, or his legal representative, to give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, destroyed or mutilated upon the issuance of such new certificate.

Lost, Destroyed or Mutilated Certificates. The Board of Directors may direct a new certificate or certificates representing shares of stock to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen or destroyed, or mutilated upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, destroyed stolen or mutilateddestroyed. When authorizing such issue of a new certificate or certificatescertificate, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed or mutilated certificate or certificatescertificate, or his legal representative, to advertise the same in such manner as the Board of Directors shall require and/or give the Corporation a bond in such sum as it the Board may direct as indemnity to indemnify the Corporation against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, destroyed stolen or mutilated upon the issuance of such new certificatedestroyed.