                                 CODE OF VIRGINIA

AGENTS FOR SALE OF BONDS (§ 21-129)

The governing body shall have power to appoint an agent or agents to sell the
bonds and to pay such agent or agents a commission for negotiating the sale not
exceeding three per centum of the amount of bonds sold by them, provided the
bonds shall be sold to be paid for in lawful money only, and shall not be sold
at less than their par value. When such a sale has been negotiated, the
governing body shall issue the bonds.

HISTORY: 1946, p. 182; Michie Suppl. 1946, § 1560z6.