Bonds

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 5 of the Code of Virginia, titled “Bonds.” It is part of Chapter 3 “Sanitation Districts Law of 1938 -- Tidal Waters”, which is part of Title 21 “Drainage, Soil Conservation, Sanitation and Public Facilities Districts”. It contains 15 laws.

It’s comprised of the following 15 sections.

§ 21-189	Outstanding bonds not to exceed ten million dollars
§ 21-190	Election prior to issuance
§ 21-191	Other matters determined by resolution
§ 21-192	Form and contents
§ 21-193	How sold
§ 21-194	Resolutions may be part of contract with bondholders
§ 21-195	Negotiability
§ 21-196	Liability of Commonwealth, county, city or town
§ 21-197	No personal liability
§ 21-198	Purchase by commission
§ 21-199	Bonds constitute legal investments
§ 21-200	Special remedies of bondholders
§ 21-200.1	Bonds mutilated, lost or destroyed
§ 21-201	Interim certificates
§ 21-202	Inviolability of rights and remedies