Chap. 267.—An ACT to amend and re-enact Section 2737 of the Code of Virginia,
relating to the board of supervisors compromising judgments of claims against
county treasurers and ex-treasurers and their sureties, so as to authorize boards
of supervisors or other governing bodies to compromise and release any such
judgment or claim which has been standing for seven years or more, where the
principal of the debt or obligation out of which the same grew, has been paid.

[S B 247]
Approved March 27, 1940

1. Be it enacted by the General Assembly of Virginia, That
section twenty-seven hundred and thirty-seven of the Code of Vir-
ginia, be amended and re-enacted so as to read as follows:

Section 2737. The boards of supervisors or other governing
bodies may, with the advice and consent of the Commonwealth's
attorney of the county, adjust and settle upon equitable principles,
without regard to strict legal rules, any judgment, the collection of
which is doubtful, which may exist in favor of the said county, against
any treasurer or ex-treasurer of any county and his sureties; but
before such adjustment or settlement shall in any wise affect the
rights of said county, it shall be submitted to the judge of the circuit
court of said county, accompanied by a written statement signed by
the chairman of the board of supervisors or other governing body of
said county, of the facts and reasons which, in the opinion of said
board, render such adjustment and settlement just and proper; and
when the said court shall approve and endorse the same, it shall
enter an order in its records of such approval, whereupon it shall
become valid and binding; provided, however, that notwithstanding
the foregoing provisions of this section, or any provisions of any other
statute or act to the contrary, where any such judgment or claim
shall have been standing for seven years or more, and the original
principal of the debt or obligation out of which the same grew, has
been paid, such board or governing body, with the consent and ap-
proval of the Commonwealth’s attorney of the county, shall have
authority to accept in compromise of such judgment or claim, such
amount or amounts as such board or other governing body may deem
proper, and under such circumstances, such board or governing body
may adopt and enter of record in its minute book, a resolution reciting
such compromise and the terms thereof, and authorizing the Com-
monwealth’s attorney to accept such settlement on behalf of the
county and, upon the payment of the amount so agreed to be ac-
cepted, to execute a receipt therefor, in full settlement of such claim,
suit or judgment, and to dismiss said suit, or mark said judgment
satisfied of record.