                                 CODE OF VIRGINIA

PROCEEDINGS DISMISSED IF ISSUANCE DEFEATED OR BONDS CANNOT BE SOLD; RESOLUTION
OF APPROVAL OF REPORT NOT DEEMED CONTRACT TO PURCHASE (§ 15.2-1914)

In the event that such an election is held and the proposed bond issue is not
approved therein, or if approved and for any reason the bonds proposed to be
issued by any such city or county cannot be sold upon terms which, in the
opinion of the city council or other governing body, are reasonably advantageous
to such city or county, then, upon motion of such city or county, the
proceedings shall be dismissed and there shall be no obligation upon such city
or county to take the property or pay the amount fixed by the report of the body
determining just compensation, notwithstanding the fact that the council or
other governing body may have filed the resolution of approval of the report of
the body determining just compensation as provided by § 15.2-1908, nor shall
the filing of any such resolution approving the award of the body determining
just compensation be deemed to be a contract on the part of any such city or
county to purchase or take the property sought to be condemned, or to render any
such city or county liable in damages for failure to take same.

HISTORY: 1938, p. 49; Michie Code 1942, § 4387a; Code 1950, § 25-53; 2003, c.
940.