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 4 “Sanitation Districts Law of 1946 -- Nontidal 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.

§ 21-269	Outstanding bonds not to exceed ten million dollars
§ 21-270	Election prior to issuance
§ 21-271	Other matters determined by resolution
§ 21-272	Form and contents
§ 21-273	How sold
§ 21-274	Resolutions may be part of contract with bondholders
§ 21-275	Negotiability
§ 21-276	Liability of Commonwealth, county, city or town on bonds
§ 21-277	No personal liability on bonds
§ 21-278	Purchase of bonds by commission
§ 21-279	Bonds constitute legal investments
§ 21-280	Special remedies of bondholders
§ 21-280.1	Bonds mutilated, lost or destroyed
§ 21-281	Inviolability of rights and remedies
§ 21-282	Interim certificates