Common use of Lost, Stolen or Destroyed Stock Certificates Clause in Contracts

Lost, Stolen or Destroyed Stock Certificates. The Corporation may issue a new stock certificate in place of any certificate theretofore issued by it which is alleged to have been lost, stolen or destroyed upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issuance of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require that the owner of such lost, stolen or destroyed certificate or certificates, or his legal representative give the Corporation a bond sufficient to indemnify the Corporation against any claim that may be made against the Corporation on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate.

Lost, Stolen or Destroyed Stock Certificates. Except as provided in this Section 6.7, no new certificates for shares shall be issued to replace a previously issued certificate unless the latter is surrendered to the Corporation and cancelled at the same time. The Corporation may issue a new certificate of stock certificate or uncertificated shares in the place of any certificate theretofore issued by it which is it, alleged to have been lost, stolen or destroyed upon destroyed, and the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issuance of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, Corporation may require that the owner of such the lost, stolen or destroyed certificate or certificatescertificate, or his such owner’s legal representative representative, to give the Corporation a bond sufficient to indemnify the Corporation it against any claim that may be made against the Corporation it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificatecertificate or uncertificated shares.

Lost, Stolen or Destroyed Stock Certificates. The Corporation Board may issue direct a new certificate or certificates of stock certificate to be issued in place of any certificate or certificates theretofore issued by it which is the Corporation alleged to have been lost, stolen or destroyed destroyed, upon the making of an affidavit of that the fact by the person claiming the certificate or certificates of stock to be lost, stolen or destroyed. When authorizing such issuance 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 that the owner of such lost, stolen or destroyed certificate or certificates, or his legal representative give the Corporation certificates to provide a bond sufficient to indemnify the Corporation against any claim that may be made against the Corporation it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificatecertificates.