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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74395</law_id><section_number>15.2-5108</section_number><catch_line>Issuance of certificate or charter</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="1" identifier="51">Virginia Water and Waste Authorities Act</unit><unit label="article" level="4" order_by="1" identifier="2">Creation and Dissolution of Authorities</unit></structure><text>
						<section><p>The State Corporation Commission shall <span class="dictionary">issue</span> a certificate of incorporation or charter to the <span class="dictionary">authority</span> if it finds that:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The articles of incorporation conform to <span class="dictionary">law</span>; and <a id="paragraph-267359" class="section-permalink" href="https://vacode.org/15.2-5108/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> The estimated costs and rates for services of the proposed projects are fair and <span class="dictionary">equitable</span>, and have been advertised under &#xA7; <a class="law" title="Advertisement of ordinance, agreement or resolution and notice of hearing" href="/15.2-5104/">15.2-5104</a> or subsection A of &#xA7; <a class="law" title="Hearing; notice" href="/15.2-5156/">15.2-5156</a>, as applicable.
			Upon the issuance of the certificate or charter such <span class="dictionary">authority</span> shall be conclusively deemed to have been lawfully and properly created and established and authorized to exercise its powers under this chapter. <a id="paragraph-267360" class="section-permalink" href="https://vacode.org/15.2-5108/#2"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 15-764.8; 1950, p. 1316; 1962, c. 623, &#xA7; 15.1-1246; 1973, c. 478; 1983, c. 80; 1984, c. 239; 1997, c. 587; 2009, c. 473.</history><metadata></metadata></law>
