21-368 - Assessment rolls to provide for bond interest payments. - Virginia Statutes

§ 21-368. Assessment rolls to provide for bond interest payments.

The first of these assessment rolls shall provide assessments sufficient forthe payment of interest on the bond issue to accrue the third year aftertheir issue, and the instalment of principal to fall due at the expiration ofthe third year after the date of issue, together with such amounts as shallhave to be paid for collecting and handling of the same. The secondassessment roll shall make like provision for the fourth year; the third forthe fifth year; and in like manner for each succeeding year.

(Code 1919, § 1771; 1920, p. 611; 1924, p. 711; 1926, p. 619; 1936, p. 1034.)