21-129 - Agents for sale of bonds. - Virginia Statutes

§ 21-129. Agents for sale of bonds.

The governing body shall have power to appoint an agent or agents to sell thebonds and to pay such agent or agents a commission for negotiating the salenot exceeding three per centum of the amount of bonds sold by them, providedthe bonds shall be sold to be paid for in lawful money only, and shall not besold at less than their par value. When such a sale has been negotiated, thegoverning body shall issue the bonds.

(1946, p. 182; Michie Suppl. 1946, § 1560z6.)