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

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

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

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