Guam § 2 - Bonds Mutilated. Lost. Destroyed or Stolen.
Full text of Guam Guam Code Annotated § 2 — Bonds Mutilated. Lost. Destroyed or Stolen., with citation guidance and answers to common questions.
§ 2. Bonds Mutilated. Lost. Destroyed or Stolen.
If any Bond shall become mutilated, the Government, at the
expense of the Holder of said Bond, shall execute, and the
Registrar shall thereupon authenticate and deliver, a new Bond of
like tenor and number in exchange and substitution for the Bond
so mutilated, but only upon surrender to the Trustee of the Bond
so mutilated. Every mutilated Bond so surrendered to the
Registrar shall be canceled by it and delivered to, or upon the
Order of, the Government. If any Bond shall be lost, destroyed or
stolen, evidence of such loss, destruction or theft may be
submitted to the Government and the Registrar and, if such
evidence be satisfactory to both and indemnity satisfactory to both
shall be given, the Government, at the expense of the Holder, shall
execute, and the Registrar shall thereupon authenticate and
deliver, a new Bond of like tenor and number in lieu of and in
substitution for the Bond so lost, destroyed or stolen (or if any
such Bond shall have matured or shall be about to mature, instead
of issuing a substitute Bond, the Trustee may pay the same without
surrender thereof). The Government may require payment of a
sum not exceeding the actual cost of preparing each new Bond
issued under THIS Section and of the expenses which may be
incurred by the Government and the Registrar in the premises.
Any Bond issued under the provisions of THIS Section in lieu of
any Bond alleged to be lost, destroyed or stolen shall constitute an
original additional contractual obligation on the part of the
Government whether or not the Bond so alleged to be lost,
destroyed or stolen be at any time enforceable by anyone, and
shall be equally and proportionately entitled to the benefits of
THIS Indenture with all other Bonds secured by THIS Indenture.
Frequently Asked Questions About Guam § 2
What does Guam Code Annotated § 2 cover?
Section 2 ("Bonds Mutilated. Lost. Destroyed or Stolen.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 2?
A common citation format is "Guam Code Annotated § 2" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.