(30 ILCS 315/3) (from Ch. 17, par. 6708)
    Sec. 3. An issuing authority shall issue a replacement bond for an unmatured bond which has been lost, destroyed or defaced when furnished with:
    (a) Proof of ownership;
    (b) Proof of loss or destruction or, in the case of a defaced bond, the bond and any coupons issued in connection therewith;
    (c) Adequate security to indemnify the issuing authority and the bank or banks at which the bond is payable against any loss they may suffer on account of such replacement bond; and
    (d) Payment of the cost of preparation of the replacement bond.
(Source: P.A. 77-205.)