(a) Whenever the owner of a State bond or coupon from a State bond satisfies the Treasurer, by legal and competent evidence, that the State bond or coupon has been lost and gives the Treasurer satisfactory security to indemnify the State against any other claim on the State bond or coupon, the Treasurer may issue a duplicate State bond or duplicate coupon.
(b) Each duplicate State bond or duplicate coupon shall:
(1) show on its face that it is a duplicate of a lost State bond or coupon; and
(2) correspond in amount with the lost State bond or coupon.
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