2006 Code of Virginia § 15.2-5116 - Same; effect of annexation

15.2-5116. Same; effect of annexation.

In the event of any annexation by a municipality not a member of theauthority of lands, areas, or territory served by the authority, an authoritymay continue to do business and exercise its jurisdiction over its propertiesand facilities in and upon or over such lands, areas or territory as long asany bonds or indebtedness remain outstanding or unpaid, or any contracts orother obligations remain in force.

(Code 1950, 15-764.12; 1950, p. 1318; 1954, c. 554; 1958, cc. 400, 402;1960, c. 430; 1962, cc. 130, 623, 15.1-1250; 1968, cc. 355, 556; 1970, cc.444, 617; 1972, c. 161; 1979, c. 280; 1980, c. 159; 1981, c. 610; 1983, c.422; 1984, c. 554; 1994, c. 477; 1997, c. 587.)