CODE OF VIRGINIA

PROCEEDING BY POLITICAL SUBDIVISION TO ESTABLISH VALIDITY; PROCEDURE; PARTIES
DEFENDANT (§ 15.2-2651)

The governing body of any locality or other political subdivision, agency or
instrumentality of the Commonwealth or of any locality proposing to issue bonds
may bring at any time a proceeding in any court of the county or city having
general jurisdiction and in which the issuer is located to establish the
validity of the bonds, the legality of all proceedings taken in connection with
the authorization or issuance of the bonds, the validity of the tax or other
means provided for the payment of the bonds, and the validity of all pledges of
revenues and of all covenants and provisions which constitute a part of the
contract between the issuer and the owners of the bonds. The proceeding shall be
brought by filing a motion for judgment describing the bonds and the proceedings
taken in connection with their issuance and alleging that the bonds when issued
shall be valid and legal obligations of the issuer. In the motion for judgment
the taxpayers, property owners and citizens of the jurisdiction where the issuer
is located, including nonresidents owning property in or subject to taxation by
it, and all other persons interested in or affected in any way by the issuance
of the bonds shall be made parties defendant.

HISTORY: Code 1950, § 15-666.55; 1958, c. 640; 1962, c. 623, § 15.1-214; 1991,
c. 668, § 15.1-227.53; 1997, c. 587; 2003, c. 570.