A duplicate of any bond, warrant, interest coupon, or other obligation of the state or of any political subdivision thereof may be issued if such obligation:
1. Becomes so mutilated or defaced as to be unfit for circulation and the same is surrendered and canceled; or 2. Is lost or destroyed. Such duplicate must be issued to the owner, must be marked "duplicate", and must correspond with the canceled or lost obligation in number, date, amount, and unpaid coupons, and must be signed by the proper officers who then are in office.