CHAPTER 417
An Act to amend the Code of Virginia by adding a section numbered
15-615.1, relating to the disposition of certain unclaimed funds by

counties.
[S 231]
Approved April 3, 1954
Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a section numbered
15-615.1 as follows:

§ 15-615.1. Any city, county or town having matured bonds and
interest coupons thereon, outstanding for a period of more than five years,
may, with the approval of the circuit or corporation court of such county
or city, pay such sums into the treasury of Virginia and if not required
for bond payments and interest, the same shall be credited to the funds
used for the construction and maintenance of roads of the State Highway
System. Such payments shall be accompanied by a statement of the debt
for the payment of which the funds were held and shall be preserved for
safekeeping until the period during which payment may be required has
expired. Any bondholder may, within such time, present his claim and
be paid from the funds so set aside.