{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/36-30.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/36-30.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/36-30.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/36-30.html"}],"law_id":360688,"edition_id":2,"section_id":360688,"structure_id":51589,"section_number":"36-30","catch_line":"Form and sale of bonds; presumption of validity","history":"1938, p. 454; Michie Code 1942, \u00a7 3145(15); 1972, c. 466; 1980, c. 133.","full_text":"Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank of priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide.\n\nThe bonds may be sold at public or private sale at not less than par.\n\nIn case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. Any provisions of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter shall be fully negotiable.\n\nIn any suit, action or proceedings involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a housing project to provide dwelling accommodations for persons of low income shall be conclusively deemed to have been issued for a housing project of such character and such project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of this chapter.\n\n","order_by":null,"text":{"0":{"id":1342140,"text":"Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank of priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":""},"1":{"id":1342141,"text":"The bonds may be sold at public or private sale at not less than par.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":"","next_prefix":""},"2":{"id":1342142,"text":"In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. Any provisions of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter shall be fully negotiable.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":"","next_prefix":""},"3":{"id":1342143,"text":"In any suit, action or proceedings involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a housing project to provide dwelling accommodations for persons of low income shall be conclusively deemed to have been issued for a housing project of such character and such project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":""}},"ancestry":[{"id":51589,"edition_id":2,"name":"Bonds, Trust Indentures and Mortgages","identifier":"4","label":"article","depth":3,"order_by":5,"parent_id":51573,"metadata":{"child_laws":7,"child_structures":0},"date_created":"2026-08-02 02:44:34","date_modified":"2026-08-02 12:32:41","permalink":{"id":1435445,"object_type":"structure","relational_id":51589,"identifier":"4","token":"36\/1\/4","url":"\/36\/1\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51573,"edition_id":2,"name":"Housing Authorities Law","identifier":"1","label":"chapter","depth":2,"order_by":1,"parent_id":51572,"metadata":{"child_laws":83,"child_structures":8},"date_created":"2026-08-02 02:44:20","date_modified":"2026-08-02 12:32:41","permalink":{"id":1435261,"object_type":"structure","relational_id":51573,"identifier":"1","token":"36\/1","url":"\/36\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51572,"edition_id":2,"name":"Housing","identifier":"36","label":"title","depth":1,"order_by":83,"parent_id":null,"metadata":{"child_laws":336,"child_structures":35},"date_created":"2026-08-02 02:44:20","date_modified":"2026-08-02 12:32:40","permalink":{"id":1435259,"object_type":"structure","relational_id":51572,"identifier":"36","token":"36","url":"\/36\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":360686,"structure_id":51589,"section_number":"36-29","catch_line":"Power to issue bonds; liability in general","url":"\/36-29\/","token":"36\/1\/4\/36-29","metadata":false},{"id":360688,"structure_id":51589,"section_number":"36-30","catch_line":"Form and sale of bonds; presumption of validity","url":"\/36-30\/","token":"36\/1\/4\/36-30","metadata":false},{"id":360689,"structure_id":51589,"section_number":"36-31","catch_line":"Provisions of bonds, trust indentures and mortgages","url":"\/36-31\/","token":"36\/1\/4\/36-31","metadata":false},{"id":360690,"structure_id":51589,"section_number":"36-32","catch_line":"Remedies of obligee of authority","url":"\/36-32\/","token":"36\/1\/4\/36-32","metadata":false},{"id":360691,"structure_id":51589,"section_number":"36-33","catch_line":"Additional remedies conferrable by authority","url":"\/36-33\/","token":"36\/1\/4\/36-33","metadata":false},{"id":360692,"structure_id":51589,"section_number":"36-34","catch_line":"Housing bonds to be legal investments, legal security and negotiable","url":"\/36-34\/","token":"36\/1\/4\/36-34","metadata":false},{"id":360693,"structure_id":51589,"section_number":"36-35","catch_line":"Contracts and covenants with federal government, etc.; agreements to sell","url":"\/36-35\/","token":"36\/1\/4\/36-35","metadata":false}],"previous_section":{"id":360686,"structure_id":51589,"section_number":"36-29","catch_line":"Power to issue bonds; liability in general","url":"\/36-29\/","token":"36\/1\/4\/36-29","metadata":false},"next_section":{"id":360689,"structure_id":51589,"section_number":"36-31","catch_line":"Provisions of bonds, trust indentures and mortgages","url":"\/36-31\/","token":"36\/1\/4\/36-31","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-30\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1972, chapter 466; in 1980, chapter 133.<\/p>","references":false,"refers_to":false,"permalink":{"id":1435451,"object_type":"law","relational_id":360688,"identifier":"36-30","token":"36\/1\/4\/36-30","url":"\/36-30\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/36-30\/","token":"36\/1\/4\/36-30","dublin_core":{"Title":"Form and sale of bonds; presumption of validity","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-30","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Bonds<\/span><\/span> of an authority<\/span> shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges<\/span>, have such rank of priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption<\/span> (with or without premium) as such resolution, its trust indenture or mortgage may provide.<\/p>

The bonds<\/span><\/span> may be sold at public or private sale at not less than par.<\/p>

In case any of the commissioners or officers of the authority<\/span> whose signatures appear on any bonds<\/span><\/span> or coupons shall cease to be such commissioners or officers before the delivery of such bonds<\/span><\/span>, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. Any provisions of any law<\/span> to the contrary notwithstanding, any bonds<\/span><\/span> issued pursuant to this chapter shall be fully negotiable.<\/p>

In any suit, action or proceedings involving the validity or enforceability of any bond<\/span> of an authority<\/span> or the security therefor, any such bond<\/span> reciting in substance that it has been issued by the authority<\/span> to aid in financing a housing project<\/span> to provide dwelling accommodations for persons of low income<\/span> shall be conclusively deemed to have been issued for a housing project<\/span> of such character and such project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of this chapter.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORM AND SALE OF BONDS; PRESUMPTION OF VALIDITY (\u00a7 36-30)\n\nBonds of an authority shall be authorized by its resolution and may be issued in\none or more series and shall bear such date or dates, mature at such time or\ntimes, bear interest at such rate or rates, be in such denomination or\ndenominations, be in such form, either coupon or registered, carry such\nconversion or registration privileges, have such rank of priority, be executed\nin such manner, be payable in such medium of payment, at such place or places,\nand be subject to such terms of redemption (with or without premium) as such\nresolution, its trust indenture or mortgage may provide.\n\nThe bonds may be sold at public or private sale at not less than par.\n\nIn case any of the commissioners or officers of the authority whose signatures\nappear on any bonds or coupons shall cease to be such commissioners or officers\nbefore the delivery of such bonds, such signatures shall, nevertheless, be valid\nand sufficient for all purposes, the same as if such commissioners or officers\nhad remained in office until such delivery. Any provisions of any law to the\ncontrary notwithstanding, any bonds issued pursuant to this chapter shall be\nfully negotiable.\n\nIn any suit, action or proceedings involving the validity or enforceability of\nany bond of an authority or the security therefor, any such bond reciting in\nsubstance that it has been issued by the authority to aid in financing a housing\nproject to provide dwelling accommodations for persons of low income shall be\nconclusively deemed to have been issued for a housing project of such character\nand such project shall be conclusively deemed to have been planned, located and\nconstructed in accordance with the purposes and provisions of this chapter.\n\nHISTORY: 1938, p. 454; Michie Code 1942, \u00a7 3145(15); 1972, c. 466; 1980, c.\n133.","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"}}