15.2-3511 - Liabilities. - Virginia Statutes

§ 15.2-3511. Liabilities.

All valid and lawful charges and liabilities existing against a consolidatedlocality, or which may thereafter arise or accrue against such locality,which, but for such consolidation would be valid, and lawful charges orliabilities against them, or either of them, shall be deemed and taken to belike charges against or liabilities of the consolidated locality and shallaccordingly be defrayed and answered to by it to the same extent, and nofurther than, the several localities would have been bound if noconsolidation had taken place. All bonds, contracts and obligations of thelocalities which exist as legal obligations shall be deemed like obligationsof the consolidated locality, and all such obligations as are authorized orrequired to be issued or entered into shall be issued or entered into by andin the name of such consolidated jurisdictions.

(Code 1950, § 15-213; 1962, c. 623, § 15.1-1123; 1997, c. 587.)