Chap. 356.—An ACT to amend and re-enact section 37 of chapter 5 of an act
entitled an act concerning corporations, which became a law without the
governor’s signature May 21, 1903.

Approved March 17, 1910.

1. Be it enacted by the general assembly of Virginia, That section
thirty-seven of chapter five of an act entitled an act concerning corpora-
tions, which became a law without the governor’s signature May twenty-
first, nineteen hundred and three, be amended and re-enacted so as to
read as follows: ,

§37. Every corporation organized under this act, or at any time here-
tofore organized under any laws of this State, may issue a new certificate
of stock in the place of any certificate theretofore issued by it alleged to
have been lost or destroyed, and the directors may, in their discretion,
require the owner of the lost or destroyed certificate, or his legal repre-
sentatives, to give the corporation bond in such sum as they may direct,
not exceeding double the value of the stock, to indemnify the corporation
against any claim that may be made against it on account of the alleged
loss of any such certificate; a new certificate may be issued without re-
quiring any bond when, in the judgment of the directors, it is proper
so to do, and when any such corporation shall have refused to issue a
new certificate of stock in the place of one theretofore issued by it, or
issued by any corporation of which it is the lawful successor (if the legal
obligation rests upon such successor corporation to issue such certificate),
alleged to have been lost or destroyed, the owner of the lost or destroyed
certificate, or his legal representatives, may apply to the circuit court of
the county, or the corporation or chancery court of the city, in which the
principal office of the corporation is located, for an order requiring the
corporation to show cause why it should not issue a new certificate of
stock in place of the one so lost or destroyed; such application shall be
by petition, duly verified, in which shall be stated the name of the corpo-
ration, the number and date of the certificate, if known or ascertainable
by the petitioner, the number of shares of stock named therein, and to
whom issued, and a statement of the circumstances, as near as may be,
attending such loss or destruction; thereupon the said court shall make
an order requiring the corporation to show cause, at a certain time and
place therein mentioned, why it should not issue a new certificate of stock
in the place of the one described in the petition; a copy of the petition or
order shall be served upon the president, or other head officer of the cor-
poration, or on the cashier, secretary, treasurer, or any director thereof,
personally, or left at the principal office or place of business of the cor-
poration in this State at least five davs before the time designated in the
order requiring such corporation to show cause.