                                 CODE OF VIRGINIA

FORM AND CONTENTS (§ 21-192)

Bonds shall be authorized by resolution of the commission, and shall be issued
from time to time in one or more series, be in such form, bear such date or
dates, mature at such time or times not more than forty years from the date of
issuance thereof, bear interest at such rate or rates not exceeding six per
centum per annum, be in such denomination, carry such registration privileges,
be executed in such manner, be payable in such medium of payment, at such place
or places, be subject to acceleration of maturity on such contingencies and
terms, and be subject to such terms of redemption with or without premium, as
such resolution shall provide.

HISTORY: 1938, p. 519; 1942, p. 604; Michie Code 1942, § 1560oo.