                                 CODE OF VIRGINIA

CANCELLATION OF ASSESSMENTS FOR RETIRED BONDS (§ 21-418)

If the board of viewers deems it advisable it may, prior to the issuance of
refunding bonds, order the cancellation of the assessments levied for the
payment of the bonds refunded, except in so far as such assessments were levied
for the payment of bonds not actually retired by the issuance of refunding
bonds, and may direct the preparation of new assessment rolls and the levy and
collection of new assessments sufficient for the payment of principal of and
interest on such refunding bonds.

HISTORY: 1934, p. 4; Michie Code 1942, § 1777a; 1954, c. 642.