CHAPTER 629

An Act to amend the Code of Virginia by adding a section numbered 58-
919.3 to authorize the governing bodies of counties to destroy bonds
and bond coupons which have been paid and to prescribe the procedure
for such destruction.

[H 813]

Approved March 31, 1964

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a section numbered
58-919.3 as follows:

§ 58-919.3. The governing body of any county upon petition of the
treasurer or director of finance, as the case may be, may authorize by
resolution the destruction of all bonds and bond coupons paid by such
fiscal officer or his predecessors after a period of five years from the end
of the fiscal year in which such bonds and bond coupons were paid.

The resolution of the governing body shall designate a committee of
three persons, one of whom shall be the treasurer or director of finance,
to supervise and witness the destruction of said bonds and bond coupons.
The committee shall prepare and execute a certificate setting forth the
means by which such paid instruments were destroyed, the issue, series,
number and maturity date of the paid bonds so destroyed and the fiscal
year in which paid; provided that the detailed description of bond coupons
paid in the fiscal year ended June thirty, nineteen hundred fifty-eight and in
any fiscal year prior thereto need not be listed in the certificate, although
reference in the certificate shall be made as to the amount of coupons paid
in such fiscal year that were destroyed; but for any fiscal year subsequent
to June thirty, nineteen hundred fifty-eight such certificate shall set forth
the same descriptive information for paid bond coupons destroyed as is
required herein for paid bonds.

Every such certification shall be in such form as shall be prescribed
by the governing body and shall be acknowledged in the manner prescribed
by law for the acknowledgement of deeds. The certification shall be prepared
in duplicate, the original of which shall be made a part of the minutes of the
governing body, and the copy thereof shall be retained as a permanent
record of the office of the treasurer or the director of finance.