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2025 Code of Virginia
Title 21 - Drainage, Soil Conservation, Sanitation and Public Facilities Districts
Chapter 3 - Sanitation Districts Law of 1938 -- Tidal Waters
§ 21-199. Bonds constitute legal investments
Universal Citation:
VA Code § 21-199 (2025)
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Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, all savings banks and savings institutions, including savings and loan associations, in the Commonwealth, may properly and legally invest funds in their control.
1938, p. 528; Michie Code 1942, ยง 1560eee.
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