§ 3.1-61. (Repealed effective October 1, 2008) Competing markets
So long as any bonds issued under the provisions of this article are outstanding, no market competing with the market established, maintained and operated under the provisions of this article shall be constructed by the Commonwealth or a political subdivision thereof, nor shall the Commonwealth or such political subdivision consent to the construction of any such market within the area or areas from which the directors of the authority are nominated, which may adversely affect the revenues of the market, unless funds shall have been provided for the redemption of all such outstanding bonds, the interest payable thereon and the premium, if any, payable on the redemption of such bonds.
(Code 1950, § 3-79.15; 1954, c. 407; 1966, c. 702.)
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