5.1-42 - Payment of purchase price or award for land acquired; issuance of bonds. - Virginia Statutes

§ 5.1-42. Payment of purchase price or award for land acquired; issuance ofbonds.

The purchase price or award for real property acquired for an airport orlanding field may be paid for by the appropriation of moneys availabletherefor or wholly or partly paid from the proceeds of the sale of bonds ofthe city, town or county as the governing body of the city, town or countyshall determine. Such city, town or county is hereby authorized to issuebonds for such purpose or purposes, subject, however, to the approval of suchbond issue at a referendum thereon, if such approval is a prerequisite to theissuance of bonds by any such political subdivision of the Commonwealth forpublic purposes generally.

(Code 1950, § 5-33; 1966, c. 576.)