CODE OF VIRGINIA

ADDITIONAL TAX TO PAY INTEREST AND RETIRE BONDS (§ 58.1-3006)

The cities and towns of this Commonwealth, by their duly constituted
authorities, are hereby authorized annually to levy, in addition to any other
levies authorized by law, a special levy upon such taxable property in such
cities and towns as is not, by law, segregated to the Commonwealth for taxation,
or withheld from city or town taxation, at a rate not in conflict with general
law, for the purpose of providing a sinking fund or to pay the principal and
interest of their bonded indebtedness, as and when the same become due and
payable. All charters of any city or town are hereby repealed insofar as they
are in conflict herewith.

HISTORY: Code 1950, § 58-846; 1984, c. 675.