2014 Virginia Code
Title 33.1 - Highways, Bridges and Ferries
§ 33.1-333. (Repealed effective October 1, 2014) Redemption of such bonds

If the majority of the voters of the district, voting at such election, shall vote in favor of the redemption of the bonds prior to their maturity, the court shall direct its clerk to notify all the holders of the bonds, as far as they may be ascertained, whose names are not already among those who petition for the election, to communicate in writing to the clerk, within thirty days, whether or not they wish the bonds which they hold to be redeemed prior to their maturity. The clerk shall communicate to the chairman of the board of supervisors or other governing body of the county the names, number and amount of bonds, the holders of which have consented to have them redeemed prior to their maturity; and the board of supervisors or other governing body in making up its next levy shall provide for sufficient taxes upon the property of the residents of the district to redeem the bonds within three years. As the accumulations from the several levies shall accrue the treasurer of the county shall redeem the bonds, in the order of their presentation, and cancel and retire the same.

Code 1950, § 33-268; 1970, c. 322.