Code · Virginia · Title 21 — Drainage, Soil Conservation, Sanitation and Public Facilities Districts · Chapter 6

Code of Virginia § 21-411. Amount, interest and maturity of additional bonds.

71 words·~1 min read·/va/title-21/chapter-6/21-411

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.

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