If lost or completely destroyed, any bond or note may be reissued in the form and tenor of the lost or destroyed bond upon the owner furnishing, to the satisfaction of the governing body:
(1) Proof of ownership;
(2) Proof of loss or destruction;
(3) A surety bond in twice the face amount of the bond and coupons; and
(4) Payment of the cost of preparing and issuing the new bond or note.