Virginia Decodedhttps://vacode.org8520415.2-1105Borrowing money and issuing evidence of indebtedness2025Counties, Cities and TownsPowers of Local GovernmentPowers of Cities and TownsUniform Charter Powers

A municipal corporation may, in the name of and for the use of the municipal corporation, borrow money and issue evidence of indebtedness therefor, subject to such limitations as may be imposed by law.

Code 1950, § 15-77.7; 1958, c. 328; 1962, c. 623, § 15.1-843; 1997, c. 587.