21-415 - How refunding bonds sold. - Virginia Statutes

§ 21-415. How refunding bonds sold.

If to be sold, such refunding bonds may be sold at public or private sale, asin the judgment of the board of viewers may seem best, provided that suchrefunding bonds may be sold below par only if a like par amount of the bondsto be refunded may be retired at a price correspondingly below par, it beingthe intent hereof that in no event shall there be issued an amount ofrefunding bonds larger than the par amount of bonds refunded thereby.

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