§ 58.1-3006. Additional tax to pay interest and retire bonds
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 All charters of any city or town are hereby repealed insofar as they are in conflict herewith.
(Code 1950, § 58-846; 1984, c. 675.)
Sections: Previous 58.1-3000 58.1-3001 58.1-3002 58.1-3003 58.1-3004 58.1-3005 58.1-3006 58.1-3007 58.1-3008 58.1-3009 58.1-3010 58.1-3011 58.1-3012 58.1-3013 58.1-3014 NextLast modified: April 3, 2009