21-412 - When refunding bonds may be issued. - Virginia Statutes

§ 21-412. When refunding bonds may be issued.

When any drainage project operating under the provisions of this chaptershall have bonds outstanding, either due or to become due, and when it shallseem to the board of viewers having jurisdiction over such drainage projectthat it is to the best interest of such drainage project to refund suchoutstanding bonds in whole or in part, such board of viewers is herebyauthorized to refund all or part of such outstanding bonds by the issuance ofthe negotiable refunding bonds of such project.

(1934, p. 4; Michie Code 1942, § 1777a; 1954, c. 642.)