Va. Code § 21-411

Current with changes from the 2024 legislative session through ch. 845

Section 21-411 - Amount, interest and maturity of additional bonds

The additional bonds issued shall not exceed twenty-five per centum of the total amount originally issued, and shall bear not more than six per centum interest per annum, and may be made payable in ten annual installments, or lesser number of annual installments as nearly equal as may be, as recommended by the board of viewers having jurisdiction over the same.

Va. Code § 21-411

Code 1919, § 1777; 1926, p. 627; 1954, c. 642.

Amended by Acts 1954, § c. 642.

Amended by Acts 1926, § p. 627.