22.1-124 - Officers may not purchase warrants for less than face value. - Virginia Statutes

§ 22.1-124. Officers may not purchase warrants for less than face value.

It shall be unlawful for any county, municipal or state officer to acquire bypurchase, directly or indirectly, at less than its face value any warrant orother evidence of indebtedness issued for any school purpose whatsoever bythe governing body of any county, city or town or by any school board. Anyviolation of the provisions of this section shall be a Class 3 misdemeanor.Upon the conviction of any such officer of a violation of this section, hisoffice shall be deemed vacant.

(Code 1950, § 22-212; 1980, c. 559.)