{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/21-199.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/21-199.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/21-199.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/21-199.html"}],"law_id":353933,"edition_id":2,"section_id":353933,"structure_id":50666,"section_number":"21-199","catch_line":"Bonds constitute legal investments","history":"1938, p. 528; Michie Code 1942, \u00a7 1560eee.","full_text":"Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, all savings banks and savings institutions, including savings and loan associations, in the Commonwealth, may properly and legally invest funds in their control.\n\n","order_by":null,"text":{"0":{"id":1318354,"text":"Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, all savings banks and savings institutions, including savings and loan associations, in the Commonwealth, may properly and legally invest funds in their control.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50666,"edition_id":2,"name":"Bonds","identifier":"5","label":"article","depth":3,"order_by":5,"parent_id":50661,"metadata":{"child_laws":15,"child_structures":0},"date_created":"2026-08-02 02:31:02","date_modified":"2026-08-02 12:30:55","permalink":{"id":1406915,"object_type":"structure","relational_id":50666,"identifier":"5","token":"21\/3\/5","url":"\/21\/3\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50661,"edition_id":2,"name":"Sanitation Districts Law of 1938 -- Tidal Waters","identifier":"3","label":"chapter","depth":2,"order_by":3,"parent_id":50656,"metadata":{"child_laws":84,"child_structures":8},"date_created":"2026-08-02 02:30:57","date_modified":"2026-08-02 12:30:54","permalink":{"id":1406713,"object_type":"structure","relational_id":50661,"identifier":"3","token":"21\/3","url":"\/21\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50656,"edition_id":2,"name":"Drainage, Soil Conservation, Sanitation and Public Facilities Districts","identifier":"21","label":"title","depth":1,"order_by":58,"parent_id":null,"metadata":{"child_laws":358,"child_structures":25},"date_created":"2026-08-02 02:30:49","date_modified":"2026-08-02 12:30:54","permalink":{"id":1406467,"object_type":"structure","relational_id":50656,"identifier":"21","token":"21","url":"\/21\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":353923,"structure_id":50666,"section_number":"21-189","catch_line":"Outstanding bonds not to exceed ten million dollars","url":"\/21-189\/","token":"21\/3\/5\/21-189","metadata":false},{"id":353924,"structure_id":50666,"section_number":"21-190","catch_line":"Election prior to issuance","url":"\/21-190\/","token":"21\/3\/5\/21-190","metadata":false},{"id":353925,"structure_id":50666,"section_number":"21-191","catch_line":"Other matters determined by resolution","url":"\/21-191\/","token":"21\/3\/5\/21-191","metadata":false},{"id":353926,"structure_id":50666,"section_number":"21-192","catch_line":"Form and contents","url":"\/21-192\/","token":"21\/3\/5\/21-192","metadata":false},{"id":353927,"structure_id":50666,"section_number":"21-193","catch_line":"How sold","url":"\/21-193\/","token":"21\/3\/5\/21-193","metadata":false},{"id":353928,"structure_id":50666,"section_number":"21-194","catch_line":"Resolutions may be part of contract with bondholders","url":"\/21-194\/","token":"21\/3\/5\/21-194","metadata":false},{"id":353929,"structure_id":50666,"section_number":"21-195","catch_line":"Negotiability","url":"\/21-195\/","token":"21\/3\/5\/21-195","metadata":false},{"id":353930,"structure_id":50666,"section_number":"21-196","catch_line":"Liability of Commonwealth, county, city or town","url":"\/21-196\/","token":"21\/3\/5\/21-196","metadata":false},{"id":353931,"structure_id":50666,"section_number":"21-197","catch_line":"No personal liability","url":"\/21-197\/","token":"21\/3\/5\/21-197","metadata":false},{"id":353932,"structure_id":50666,"section_number":"21-198","catch_line":"Purchase by commission","url":"\/21-198\/","token":"21\/3\/5\/21-198","metadata":false},{"id":353933,"structure_id":50666,"section_number":"21-199","catch_line":"Bonds constitute legal investments","url":"\/21-199\/","token":"21\/3\/5\/21-199","metadata":false},{"id":353935,"structure_id":50666,"section_number":"21-200","catch_line":"Special remedies of bondholders","url":"\/21-200\/","token":"21\/3\/5\/21-200","metadata":false},{"id":353934,"structure_id":50666,"section_number":"21-200.1","catch_line":"Bonds mutilated, lost or destroyed","url":"\/21-200.1\/","token":"21\/3\/5\/21-200.1","metadata":false},{"id":353936,"structure_id":50666,"section_number":"21-201","catch_line":"Interim certificates","url":"\/21-201\/","token":"21\/3\/5\/21-201","metadata":false},{"id":353937,"structure_id":50666,"section_number":"21-202","catch_line":"Inviolability of rights and remedies","url":"\/21-202\/","token":"21\/3\/5\/21-202","metadata":false}],"previous_section":{"id":353932,"structure_id":50666,"section_number":"21-198","catch_line":"Purchase by commission","url":"\/21-198\/","token":"21\/3\/5\/21-198","metadata":false},"next_section":{"id":353935,"structure_id":50666,"section_number":"21-200","catch_line":"Special remedies of bondholders","url":"\/21-200\/","token":"21\/3\/5\/21-200","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/21-199\/","history_text":false,"references":false,"refers_to":false,"permalink":{"id":1406957,"object_type":"law","relational_id":353933,"identifier":"21-199","token":"21\/3\/5\/21-199","url":"\/21-199\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/21-199\/","token":"21\/3\/5\/21-199","dublin_core":{"Title":"Bonds constitute legal investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 21-199","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">bonds<\/span> issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, all savings banks and savings institutions, including savings and loan associations, in the Commonwealth, may properly and legally invest funds in their control.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBONDS CONSTITUTE LEGAL INVESTMENTS (\u00a7 21-199)\n\nAny bonds issued pursuant to the authority of this chapter are hereby made\nsecurities in which all public officers and bodies of this Commonwealth and all\npolitical subdivisions thereof, all insurance companies and associations, all\nsavings banks and savings institutions, including savings and loan associations,\nin the Commonwealth, may properly and legally invest funds in their control.\n\nHISTORY: 1938, p. 528; Michie Code 1942, \u00a7 1560eee.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}