CHAPTER 564

An Act to permit fiscal agents for any counties to destroy bonds and bond
coupons when payment in full has been made thereon; to require that
such facts be certified to the treasurer or director of finance of the
county obligated upon such bonds and bond coupons; to prescribe the
form for such certifications; to provide that county treasurers and
directors of finance be relieved of certain liabilities upon such
certification; and to prescribe the effect of such certification for
accounting purposes.

[H 616]

Approved March 31, 1960

Be it enacted by the General Assembly of Virginia:

1. § 1. Whenever the fiscal agent for any county shall have made pay-
ment in full for any bond or bond coupon representing an obligation of
such county, such fiscal agent may, by agreement with the governing body
of the county, forthwith destroy such bond or bond coupon and shall
certify the facts of such payment and destruction to the treasurer or
director of finance, as the case may be, of such county.

§ 2. The certification required by this section shall set forth the
issue, series, number and maturity date of each such bond or bond coupon,
together with such additional facts necessary to specifically identify each
such bond or bond coupon so paid and destroyed.

§ 3. Every such certification shall be in such form as shall be pre-
scribed by the Auditor of Public Accounts and shall be acknowledged in
the manner prescribed by law for the acknowledgment of deeds.

§ Whenever any such certification, appearing upon its face to
have been executed and acknowledged as hereinabove prescribed, shall
have been delivered to the treasurer or director of finance of any county
by such fiscal agent, then such treasurer or director of finance shall, in the
absence of actual knowledge of any misrepresentation or irregularity as
to such certification, be relieved of all further liability for all such bonds
and bond coupons therein represented to have been paid and destroyed.
For accounting purposes, every such certification which appears upon its
face to have complied with the requirements of this act shall constitute
sufficient evidence of the facts set forth therein.