Virginia § 15.2-1650 - When and how council to issue bonds; payment of interest; sinking fund
Full text of Virginia Code of Virginia § 15.2-1650 — When and how council to issue bonds; payment of interest; sinking fund, with citation guidance and answers to common questions.
§ 15.2-1650. When and how council to issue bonds; payment of interest; sinking fund
If a majority of the voters in the town taking part in such election vote in favor of the bond issue, the council of the town may issue its bonds to the amount set out in the petition, either coupon or registered, signed by its mayor, and attested by the town clerk, and deliver the same to the clerk of the county as satisfactory security for the obligations imposed by this section. The council of the town may make annual appropriations out of the revenues of the town to pay the interest on the bonds and to provide a sinking fund for the redemption of the bonds by special levy or otherwise.
Code 1950, § 15-49; 1962, c. 623, § 15.1-565; 1997, c. 587.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 15.2-1650
What does Code of Virginia § 15.2-1650 cover?
Section 15.2-1650 ("When and how council to issue bonds; payment of interest; sinking fund") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 15.2-1650?
A common citation format is "Code of Virginia § 15.2-1650" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 15.2-1650 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.