CHAPTER 359

An Act to amend and reenact § 58-704 of the Code of Virginia, relating
to assignment required with other security of certain dealers under
the Motor Fuel Tax Act of Virginia. 8 214)

Approved March 30, 1962

Be it enacted by the General Assembly of Virginia:

1. . That § 58-704 of the Code of Virginia be amended and reenacted as
ollows:

§ 58-704. Any dealer who shall so deposit with the Commissioner bonds
of the United States Government or of the State of Virginia, or a certificate
of deposit, in lieu of filing a surety bond, shall at the time deliver to the *
Commissioner an assignment authorizing him to * use the bonds or any part
thereof, or to receive payment of the certificate of deposit as the case may
be, for ‘the purpose of paying any liability of the dealer to the State for
motor fuel tax due and payable by him, including any and all penalties and
interest accrued thereon and any damages for which he may be liable by
reason of his failure to comply with any of the other provisions of this
chapter.