2006 Code of Virginia § 3.1-60 - Market refunding bonds

3.1-60. Market refunding bonds.

The authority is hereby authorized to provide for the issuance of marketrefunding bonds of the authority for the purpose of refunding any bonds thenoutstanding which shall have been issued under the provisions of thisarticle, including the payment of any redemption premium thereon and anyinterest accrued or to accrue to the date of redemption of such bonds, and,if deemed advisable by the authority, for the purpose of constructingadditions to or expansion of the market. The authority is further authorizedto provide by resolution for the issuance of its bonds for the combinedpurpose of (a) refunding any bonds then outstanding which shall have beenissued under the provisions of this article, including the payment of anyredemption premium thereon and any interest accrued or to accrue to the dateof redemption of such bonds, and (b) paying all or any part of the cost ofthe market or any addition thereto or expansion thereof which shall not havetheretofore been financed. The issuance of such bonds, the maturities andother details with respect thereto, the rights of the holders thereof, andthe rights, duties and obligations of the authority with respect to the same,shall be governed by the provisions of this article insofar as the same maybe applicable.

(Code 1950, 3-79.14; 1954, c. 407; 1966, c. 702.)