Common use of STOLEN OR DESTROYED CERTIFICATES Clause in Contracts

STOLEN OR DESTROYED 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, 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 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, stolen or destroyed certificate or certificates, or his or her legal representative, to advertise the same in such manner as it shall require and/or 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, stolen or destroyed.

STOLEN OR DESTROYED CERTIFICATES. Section 4. The board of directors Board may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the corporation Corporation alleged to have been lost, stolen or destroyed, upon the making miking of an affidavit of that fact by the a person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the board of directors Board may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate or certificates, or his or her legal representative, to advertise the same in such manner as it shall require and/or to give the corporation Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the corporation Corporation with respect to the certificate alleged to have been lost, stolen or destroyed.