21-272 - Form and contents. - Virginia Statutes

§ 21-272. Form and contents.

Bonds shall be authorized by resolution of the commission, and shall beissued from time to time in one or more series, be in such form, bear suchdate or dates, mature at such time or times not more than forty years fromthe date of issuance thereof, bear interest at such rate or rates notexceeding six per centum per annum, be in such denominations, carry suchregistration privileges, be executed in such manner, be payable in suchmedium of payment, at such place or places, be subject to acceleration ofmaturity on such contingencies and terms, and be subject to such terms ofredemption with or without premium, as such resolution shall provide.

(1946, p. 356; Michie Suppl. 1946, § 1560iii8.)