50

No duplicates of securities lost, stolen, destroyed, disfigured or erased in whole or in part shall be issued in the case of securities due or called in for redemption but still unpaid. In such case payment to the owner of the security may be authorized taking into consideration the principal and interest earned up to the moment the security became due or was called in for redemption, provided proof is submitted and the undertaking required in §§ 46—54 of this title for the issuance of duplicates of said securities is given. History —May 22, 1956, No. 20, p. 48, § 5.