Virginia § 21-415 - How refunding bonds sold
Full text of Virginia Code of Virginia § 21-415 — How refunding bonds sold, with citation guidance and answers to common questions.
§ 21-415. How refunding bonds sold
If to be sold, such refunding bonds may be sold at public or private sale, as in the judgment of the board of viewers may seem best, provided that such refunding bonds may be sold below par only if a like par amount of the bonds to be refunded may be retired at a price correspondingly below par, it being the intent hereof that in no event shall there be issued an amount of refunding bonds larger than the par amount of bonds refunded thereby.
1934, p. 4; Michie Code 1942, § 1777a; 1954, c. 642.
Frequently Asked Questions About Virginia § 21-415
What does Code of Virginia § 21-415 cover?
Section 21-415 ("How refunding bonds sold") 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 § 21-415?
A common citation format is "Code of Virginia § 21-415" (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 § 21-415 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.