§ 33.1-332. Election to determine redemption
Whenever the holders of the majority amount of any issue of bonds made by any road district in the Commonwealth, together with twenty-five freeholders of the district, shall petition the circuit court of the county in which such district is located for an election to ascertain whether the people of such district desire that such bonds shall be redeemed before maturity at their face value with accrued interest, if any, and whether they will authorize the board of supervisors or other governing body of such county to provide a special levy to provide a fund to be used for that purpose along with other funds accumulated to the credit of such district for road purposes, the court shall order an election to be held in the same manner as elections are held when ordered upon the question of the issuance of county or district bonds and there shall be printed on the ballot used at such election the words "for redemption of bonds" and "against redemption of bonds" and voters at such election shall express their preference by erasing the words which do not express such preference.
(Code 1950, § 33-267; 1970, c. 322.)
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