§ 15.2-1105 — Borrowing money and issuing evidence of indebtedness

Virginia § 15.2-1105

• Jurisdiction: Virginia
• Title 15.2: COUNTIES, CITIES AND TOWNS
• Subtitle II: POWERS OF LOCAL GOVERNMENT
• Ch. 11: POWERS OF CITIES AND TOWNS
• Art. 1: UNIFORM CHARTER POWERS

Text

A municipal corporation may, in the name of and for the use of the municipal corporation, borrow money and issue evidence of indebtedness therefor, subject to such limitations as may be imposed by law.

Legislative History

Code 1950, § 15-77.7; 1958, c. 328; 1962, c. 623, § 15.1-843; 1997, c. 587.