Code of Virginia § 10.1-628. Fiscal powers of governing body; may poll landowners on question of incurring indebtedness or issuing bonds.
159 words·~1 min read·
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The governing body of any watershed improvement district shall have power, subject to the conditions and limitations of this article, to incur indebtedness, borrow funds, and issue bonds of such watershed improvement district. The circuit court of the county or city in which any portion of the watershed improvement district is located, upon the petition of a majority of the members of the governing body of the watershed improvement district, shall order a referendum at any time not less than thirty days from the date of such order, which shall be designated therein, to determine whether the governing body shall incur indebtedness or issue bonds for one or more of the purposes for which the watershed improvement district was created.
The referendum shall be conducted in the manner prescribed by this article for the conduct of other referendums in the watershed improvement districts.
1956, c. 668, §§ 21-112.14, 21-112.15; 1964, c. 512; 1988, c. 891; 1995, c. 654 .