{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6703.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6703.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6703.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6703.html"}],"law_id":79692,"edition_id":1,"section_id":79692,"structure_id":15879,"section_number":"15.2-6703","catch_line":"Powers of Authority","history":"2003, c. 577; 2004, cc. 35, 158.","full_text":"The Authority shall have the following powers together with all powers incidental thereto or necessary for the performance of those hereinafter stated:\n\n1\n\nTo sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties;2\n\nTo adopt and use a corporate seal and to alter the same at pleasure;3\n\nTo contract and be contracted with;4\n\nTo employ and pay compensation to such employees and agents, including attorneys, as the board deems necessary in carrying on the business of the Authority;5\n\nTo establish bylaws and make all rules and regulations, not inconsistent with the provisions of this chapter, deemed expedient for the management of the Authority’s affairs;6\n\nTo borrow money and to accept contributions, grants, and other financial assistance from the United States of America and agencies or instrumentalities thereof, the Commonwealth, or any political subdivision, agency, or public instrumentality of the Commonwealth or any private person, foundation or financial institution;7\n\nTo issue bonds in accordance with applicable law;8\n\nTo receive and expend moneys on behalf of tourist train development; and9\n\nTo cooperate with any private or governmental entities in the states of West Virginia, Kentucky, Tennessee, or North Carolina in the development of a tourist train and theme park.","order_by":null,"text":{"0":{"id":285548,"text":"The Authority shall have the following powers together with all powers incidental thereto or necessary for the performance of those hereinafter stated:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":285549,"text":"To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":285550,"text":"To adopt and use a corporate seal and to alter the same at pleasure;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":285551,"text":"To contract and be contracted with;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":285552,"text":"To employ and pay compensation to such employees and agents, including attorneys, as the board deems necessary in carrying on the business of the Authority;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":285553,"text":"To establish bylaws and make all rules and regulations, not inconsistent with the provisions of this chapter, deemed expedient for the management of the Authority’s affairs;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":285554,"text":"To borrow money and to accept contributions, grants, and other financial assistance from the United States of America and agencies or instrumentalities thereof, the Commonwealth, or any political subdivision, agency, or public instrumentality of the Commonwealth or any private person, foundation or financial institution;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":285555,"text":"To issue bonds in accordance with applicable law;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":285556,"text":"To receive and expend moneys on behalf of tourist train development; and","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":285557,"text":"To cooperate with any private or governmental entities in the states of West Virginia, Kentucky, Tennessee, or North Carolina in the development of a tourist train and theme park.","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8"}},"ancestry":[{"id":15879,"edition_id":1,"name":"Buchanan County Tourist Train Development Authority","identifier":"67","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 04:01:08","date_modified":"2026-06-26 04:01:08","permalink":{"id":160537,"object_type":"structure","relational_id":15879,"identifier":"67","token":"15.2\/IV\/67","url":"\/15.2\/IV\/67\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61431,"structure_id":15879,"section_number":"15.2-6700","catch_line":"Buchanan County Tourist Train Development Authority established","url":"\/15.2-6700\/","token":"15.2\/IV\/67\/15.2-6700","metadata":false},{"id":80828,"structure_id":15879,"section_number":"15.2-6701","catch_line":"Board of the Authority; qualifications; terms; quorum; records","url":"\/15.2-6701\/","token":"15.2\/IV\/67\/15.2-6701","metadata":false},{"id":83428,"structure_id":15879,"section_number":"15.2-6702","catch_line":"Executive director; staff","url":"\/15.2-6702\/","token":"15.2\/IV\/67\/15.2-6702","metadata":false},{"id":79692,"structure_id":15879,"section_number":"15.2-6703","catch_line":"Powers of Authority","url":"\/15.2-6703\/","token":"15.2\/IV\/67\/15.2-6703","metadata":false},{"id":66283,"structure_id":15879,"section_number":"15.2-6704","catch_line":"Authority of localities","url":"\/15.2-6704\/","token":"15.2\/IV\/67\/15.2-6704","metadata":false}],"previous_section":{"id":83428,"structure_id":15879,"section_number":"15.2-6702","catch_line":"Executive director; staff","url":"\/15.2-6702\/","token":"15.2\/IV\/67\/15.2-6702","metadata":false},"next_section":{"id":66283,"structure_id":15879,"section_number":"15.2-6704","catch_line":"Authority of localities","url":"\/15.2-6704\/","token":"15.2\/IV\/67\/15.2-6704","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6703\/","history_text":"

This law was first created in 2003. The record of its establishment is cataloged in chapter 577<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2004, chapters 35<\/a> and 158<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":160551,"object_type":"law","relational_id":79692,"identifier":"15.2-6703","token":"15.2\/IV\/67\/15.2-6703","url":"\/15.2-6703\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6703\/","token":"15.2\/IV\/67\/15.2-6703","dublin_core":{"Title":"Powers of Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6703","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority shall have the following powers together with all powers incidental thereto or necessary for the performance of those hereinafter stated:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> To sue and be sued and to prosecute<\/span> and defend, at law<\/span> or in equity<\/span>, in any court<\/span> having jurisdiction<\/span> of the subject matter and of the parties; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> To adopt and use a corporate seal and to alter the same at pleasure; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> To contract<\/span> and be contracted with; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> To employ and pay compensation to such employees and agents, including attorneys, as the board deems necessary in carrying on the business of the Authority; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> To establish bylaws and make all rules and regulations, not inconsistent with the provisions of this chapter, deemed expedient for the management of the Authority’s affairs; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> To borrow money and to accept contributions, grants, and other financial assistance from the United States of America and agencies or instrumentalities thereof, the Commonwealth, or any political subdivision, agency, or public instrumentality of the Commonwealth or any private person, foundation or financial institution; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> To issue<\/span> bonds<\/span> in accordance with applicable law<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> To receive and expend moneys on behalf of tourist train development; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> To cooperate with any private or governmental entities in the states of West Virginia, Kentucky, Tennessee, or North Carolina in the development of a tourist train and theme park. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF AUTHORITY (\u00a7 15.2-6703)\n\nThe Authority shall have the following powers together with all powers\nincidental thereto or necessary for the performance of those hereinafter stated:\n\n1. To sue and be sued and to prosecute and defend, at law or in equity, in any\ncourt having jurisdiction of the subject matter and of the parties;\n\n2. To adopt and use a corporate seal and to alter the same at pleasure;\n\n3. To contract and be contracted with;\n\n4. To employ and pay compensation to such employees and agents, including\nattorneys, as the board deems necessary in carrying on the business of the\nAuthority;\n\n5. To establish bylaws and make all rules and regulations, not inconsistent with\nthe provisions of this chapter, deemed expedient for the management of the\nAuthority’s affairs;\n\n6. To borrow money and to accept contributions, grants, and other financial\nassistance from the United States of America and agencies or instrumentalities\nthereof, the Commonwealth, or any political subdivision, agency, or public\ninstrumentality of the Commonwealth or any private person, foundation or\nfinancial institution;\n\n7. To issue bonds in accordance with applicable law;\n\n8. To receive and expend moneys on behalf of tourist train development; and\n\n9. To cooperate with any private or governmental entities in the states of West\nVirginia, Kentucky, Tennessee, or North Carolina in the development of a tourist\ntrain and theme park.\n\nHISTORY: 2003, c. 577; 2004, cc. 35, 158.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}