22.1-161.7 - Tax to pay principal and interest on bonds. - Virginia Statutes

§ 22.1-161.7. Tax to pay principal and interest on bonds.

For the payment of the principal of and the interest on any bonds issuedunder the provisions of this chapter, the governing body of the county, cityor town is hereby authorized and required to levy and collect annually, atthe same time and in the same manner as other taxes of the county, city ortown are assessed, levied and collected, a tax upon all locally taxableproperty within the county, city or town over and above all other taxesauthorized or limited by law sufficient to pay such principal and interest asthe same respectively become due and payable.

(1995, c. 250.)