Code of Virginia (Last Updated:July 28, 2020) |
TITLE 21. Drainage, Soil Conservation, Sanitation and Public Facilities Districts |
CHAPTER 6. Drainage Projects |
SECTION 21-397. Interest and maturity of bonds |
The bonds shall bear not more than six per centum interest per annum payable semiannually, and shall be paid within thirty years, the first installment of principal shall mature at the expiration of three years from the date of issue. Code 1919, § 1774; 1920, p. 612; 1926, p. 623. |