§ 21-193 How sold
Such bonds may be sold at public or private sale for such price or prices as the commission shall determine, provided the interest cost to maturity of the money received from any such bonds simultaneously sold shall not exceed an average of six per centum per annum.
History
This law was first created in 1938. The record of its establishment is cataloged at page 519 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1938 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1942, at page 605; in 1942, when it was recodified as § 1560oo.
1938, p. 519; 1942, p. 605; Michie Code 1942, § 1560oo.