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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348112</law_id><section_number>15.2-2657</section_number><catch_line>Decree validating bonds binding and conclusive</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Powers of Local Government</unit><unit label="chapter" level="3" order_by="21" identifier="26">Public Finance Act</unit><unit label="article" level="4" order_by="6" identifier="6">Judicial Determination of Validity of Bonds</unit></structure><text>
						<section><p>In the event the <span class="dictionary">decree</span> of the <span class="dictionary">court</span> validates the <span class="dictionary"><span class="dictionary">bonds</span></span> and no <span class="dictionary">appeal</span> is taken within the time prescribed in &#xA7;&#xA0;<a class="law" title="Appeals" href="/15.2-2656/">15.2-2656</a>, or if an <span class="dictionary">appeal</span> is taken and the <span class="dictionary">decree</span> of the <span class="dictionary">court</span> is <span class="dictionary">affirmed</span>, the <span class="dictionary">decree</span> shall be forever binding and conclusive as to the validity of the <span class="dictionary"><span class="dictionary">bonds</span></span>, the validity of the tax or other means provided for the payment of the <span class="dictionary"><span class="dictionary">bonds</span></span>, and the validity of all pledges of revenues and of all covenants and provisions contained in any <span class="dictionary">ordinance</span>, resolution, trust agreement, indenture, or other instrument authorizing or providing for the issuance of the <span class="dictionary"><span class="dictionary">bonds</span></span>, the legality of proceedings taken in connection with the issuance of the <span class="dictionary"><span class="dictionary">bonds</span></span>, and all matters adjudicated and all objections presented or which might have been presented in the proceeding, and shall constitute a permanent <span class="dictionary">injunction</span> against the institution by any person of any action or proceeding contesting the validity of the <span class="dictionary"><span class="dictionary">bonds</span></span> or any other matter adjudicated or which might have been called in question in such proceedings.</p></section></text><history>Code 1950, &#xA7; 15-666.61; 1958, c. 640; 1962, c. 623, &#xA7; 15.1-220; 1991, c. 668, &#xA7; 15.1-227.59; 1997, c. 587.</history><metadata></metadata></law>
