{"law_id":"776145","section_number":"15.2-1650","catch_line":"When and how council to issue bonds; payment of interest; sinking fund","history":"Code 1950, \u00a7 15-49; 1962, c. 623, \u00a7 15.1-565; 1997, c. 587.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/15.2-1650\/","refers_to":false,"url":"\/15.2-1650\/","token":"15.2\/II\/16\/8\/15.2-1650","structure":{"1":{"id":"2266","name":"Courthouses","identifier":"8","label":"article","url":"\/15.2\/II\/16\/8\/"},"2":{"id":"326","name":"Local Constitutional Officers, Courthouses And Supplies","identifier":"16","label":"chapter","url":"\/15.2\/II\/16\/"},"3":{"id":"62","name":"Powers Of Local Government","identifier":"II","label":"subtitle","url":"\/15.2\/II\/"},"4":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"776145","structure_id":"2266","full_text":"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.","text":{"0":{"id":"2502601","text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"2266","name":"Courthouses","identifier":"8","label":"article","url":"\/15.2\/II\/16\/8\/"},"2":{"id":"326","name":"Local Constitutional Officers, Courthouses And Supplies","identifier":"16","label":"chapter","url":"\/15.2\/II\/16\/"},"3":{"id":"62","name":"Powers Of Local Government","identifier":"II","label":"subtitle","url":"\/15.2\/II\/"},"4":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"structure_contents":{"0":{"id":"795281","structure_id":"2266","section_number":"15.2-1638","catch_line":"County or city governing body to provide courthouse, clerk's office, jail and suitable facilities for attorney for the Commonwealth; acquisition of land","url":"\/15.2-1638\/","token":"15.2\/II\/16\/8\/15.2-1638"},"1":{"id":"788380","structure_id":"2266","section_number":"15.2-1639","catch_line":"Providing offices for various officers, judges, etc","url":"\/15.2-1639\/","token":"15.2\/II\/16\/8\/15.2-1639"},"2":{"id":"779545","structure_id":"2266","section_number":"15.2-1640","catch_line":"Renting rooms in courthouse","url":"\/15.2-1640\/","token":"15.2\/II\/16\/8\/15.2-1640"},"3":{"id":"790776","structure_id":"2266","section_number":"15.2-1641","catch_line":"Leasing or other use of other buildings","url":"\/15.2-1641\/","token":"15.2\/II\/16\/8\/15.2-1641"},"4":{"id":"773646","structure_id":"2266","section_number":"15.2-1642","catch_line":"Certain conveyances of courthouse grounds validated","url":"\/15.2-1642\/","token":"15.2\/II\/16\/8\/15.2-1642"},"5":{"id":"782651","structure_id":"2266","section_number":"15.2-1643","catch_line":"Circuit courts to order court facilities to be repaired","url":"\/15.2-1643\/","token":"15.2\/II\/16\/8\/15.2-1643"},"6":{"id":"791145","structure_id":"2266","section_number":"15.2-1644","catch_line":"Petition for removal of county courthouse; writ of election","url":"\/15.2-1644\/","token":"15.2\/II\/16\/8\/15.2-1644"},"7":{"id":"793945","structure_id":"2266","section_number":"15.2-1645","catch_line":"How election held and conducted","url":"\/15.2-1645\/","token":"15.2\/II\/16\/8\/15.2-1645"},"8":{"id":"796640","structure_id":"2266","section_number":"15.2-1646","catch_line":"Certification of result to board of supervisors; procuring land and buildings; relocation to contiguous land","url":"\/15.2-1646\/","token":"15.2\/II\/16\/8\/15.2-1646"},"9":{"id":"776661","structure_id":"2266","section_number":"15.2-1647","catch_line":"Removal of court","url":"\/15.2-1647\/","token":"15.2\/II\/16\/8\/15.2-1647"},"10":{"id":"790594","structure_id":"2266","section_number":"15.2-1648","catch_line":"Donation of land and money","url":"\/15.2-1648\/","token":"15.2\/II\/16\/8\/15.2-1648"},"11":{"id":"776145","structure_id":"2266","section_number":"15.2-1650","catch_line":"When and how council to issue bonds; payment of interest; sinking fund","url":"\/15.2-1650\/","token":"15.2\/II\/16\/8\/15.2-1650"},"12":{"id":"771306","structure_id":"2266","section_number":"15.2-1651","catch_line":"When supervisors may issue bonds of county","url":"\/15.2-1651\/","token":"15.2\/II\/16\/8\/15.2-1651"},"13":{"id":"774350","structure_id":"2266","section_number":"15.2-1653","catch_line":"Ascertaining results","url":"\/15.2-1653\/","token":"15.2\/II\/16\/8\/15.2-1653"},"14":{"id":"768659","structure_id":"2266","section_number":"15.2-1654","catch_line":"Contest of election","url":"\/15.2-1654\/","token":"15.2\/II\/16\/8\/15.2-1654"},"15":{"id":"768401","structure_id":"2266","section_number":"15.2-1655","catch_line":"No other election held for ten years","url":"\/15.2-1655\/","token":"15.2\/II\/16\/8\/15.2-1655"}},"previous_section":{"id":"790594","structure_id":"2266","section_number":"15.2-1648","catch_line":"Donation of land and money","url":"\/15.2-1648\/","token":"15.2\/II\/16\/8\/15.2-1648"},"next_section":{"id":"771306","structure_id":"2266","section_number":"15.2-1651","catch_line":"When supervisors may issue bonds of county","url":"\/15.2-1651\/","token":"15.2\/II\/16\/8\/15.2-1651"},"references":false,"formats":{"txt":"\/15.2-1650.txt","json":"\/15.2-1650.json","xml":"\/15.2-1650.xml"},"dublin_core":{"Title":"When and how council to issue bonds; payment of interest; sinking fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-1650","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nWHEN AND HOW COUNCIL TO ISSUE BONDS; PAYMENT OF INTEREST; SINKING FUND (\u00a7\n15.2-1650)\n\nIf a majority of the voters in the town taking part in such election vote in\nfavor of the bond issue, the council of the town may issue its bonds to the\namount set out in the petition, either coupon or registered, signed by its\nmayor, and attested by the town clerk, and deliver the same to the clerk of the\ncounty as satisfactory security for the obligations imposed by this section. The\ncouncil of the town may make annual appropriations out of the revenues of the\ntown to pay the interest on the bonds and to provide a sinking fund for the\nredemption of the bonds by special levy or otherwise.\n\nHISTORY: Code 1950, \u00a7 15-49; 1962, c. 623, \u00a7 15.1-565; 1997, c. 587."}