{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-1604.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-1604.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-1604.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-1604.html"}],"law_id":345787,"edition_id":2,"section_id":345787,"structure_id":49653,"section_number":"10.1-1604","catch_line":"Form, terms, and execution of bonds","history":"1986, c. 360, \u00a7 10-158.6; 1988, c. 891.","full_text":"A\n\nThe bonds of each issue shall be dated, shall bear interest at rates fixed by the Authority, shall mature at a time not exceeding forty years from their date, as determined by the Authority, and may be made redeemable before maturity, at the option of the Authority, at a price and under terms and conditions fixed by the Authority prior to the issuance of the bonds. The Authority shall determine the form of bonds and manner of execution of the bonds and shall fix the denomination of the bonds and the place of payment of principal and interest, which may be at any bank or trust company.\n\nB\n\nThe bonds shall be signed by the chairman or vice-chairman of the Authority, or if authorized by the Authority, shall bear his facsimile signature, and the official seal of the Authority, or, if authorized by the Authority, a facsimile signature thereof shall be impressed or imprinted thereon and attested by the secretary or any assistant secretary of the Authority, or, if authorized by the Authority, with the facsimile signature of such secretary or assistant secretary. Any coupons attached to bonds issued by the Authority shall bear the signature or facsimile signature of the chairman or vice-chairman of the Authority. If any officer whose signature or facsimile signature appears on any bonds or coupons ceases to be an officer before the delivery of the bonds, the signature or facsimile shall nevertheless be valid for all purposes. Any bonds may bear the facsimile signature of, or may be signed by, persons who are the proper officers to sign the bonds at the actual time of the execution of such bonds although at the date of the bonds such persons may not have been officers.\n\n","order_by":null,"text":{"0":{"id":1289328,"text":"The bonds of each issue shall be dated, shall bear interest at rates fixed by the Authority, shall mature at a time not exceeding forty years from their date, as determined by the Authority, and may be made redeemable before maturity, at the option of the Authority, at a price and under terms and conditions fixed by the Authority prior to the issuance of the bonds. The Authority shall determine the form of bonds and manner of execution of the bonds and shall fix the denomination of the bonds and the place of payment of principal and interest, which may be at any bank or trust company.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1289329,"text":"The bonds shall be signed by the chairman or vice-chairman of the Authority, or if authorized by the Authority, shall bear his facsimile signature, and the official seal of the Authority, or, if authorized by the Authority, a facsimile signature thereof shall be impressed or imprinted thereon and attested by the secretary or any assistant secretary of the Authority, or, if authorized by the Authority, with the facsimile signature of such secretary or assistant secretary. Any coupons attached to bonds issued by the Authority shall bear the signature or facsimile signature of the chairman or vice-chairman of the Authority. If any officer whose signature or facsimile signature appears on any bonds or coupons ceases to be an officer before the delivery of the bonds, the signature or facsimile shall nevertheless be valid for all purposes. Any bonds may bear the facsimile signature of, or may be signed by, persons who are the proper officers to sign the bonds at the actual time of the execution of such bonds although at the date of the bonds such persons may not have been officers.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":49653,"edition_id":2,"name":"Virginia Recreational Facilities Authority Act","identifier":"16","label":"chapter","depth":3,"order_by":10,"parent_id":49595,"metadata":{"child_laws":24,"child_structures":0},"date_created":"2026-08-02 02:12:57","date_modified":"2026-08-02 12:28:58","permalink":{"id":1373549,"object_type":"structure","relational_id":49653,"identifier":"16","token":"10.1\/II\/16","url":"\/10.1\/II\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49595,"edition_id":2,"name":"Activities Administered by Other Entities","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":49584,"metadata":{"child_laws":483,"child_structures":70},"date_created":"2026-08-02 02:12:05","date_modified":"2026-08-02 12:28:51","permalink":{"id":1371835,"object_type":"structure","relational_id":49595,"identifier":"II","token":"10.1\/II","url":"\/10.1\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49584,"edition_id":2,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":38,"parent_id":null,"metadata":{"child_laws":886,"child_structures":125},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370315,"object_type":"structure","relational_id":49584,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":345783,"structure_id":49653,"section_number":"10.1-1600","catch_line":"Definitions","url":"\/10.1-1600\/","token":"10.1\/II\/16\/10.1-1600","metadata":false},{"id":345784,"structure_id":49653,"section_number":"10.1-1601","catch_line":"Authority created","url":"\/10.1-1601\/","token":"10.1\/II\/16\/10.1-1601","metadata":false},{"id":345785,"structure_id":49653,"section_number":"10.1-1602","catch_line":"Board of directors","url":"\/10.1-1602\/","token":"10.1\/II\/16\/10.1-1602","metadata":false},{"id":345786,"structure_id":49653,"section_number":"10.1-1603","catch_line":"Powers of Authority","url":"\/10.1-1603\/","token":"10.1\/II\/16\/10.1-1603","metadata":false},{"id":345787,"structure_id":49653,"section_number":"10.1-1604","catch_line":"Form, terms, and execution of bonds","url":"\/10.1-1604\/","token":"10.1\/II\/16\/10.1-1604","metadata":false},{"id":345788,"structure_id":49653,"section_number":"10.1-1605","catch_line":"Issuance and sale of bonds","url":"\/10.1-1605\/","token":"10.1\/II\/16\/10.1-1605","metadata":false},{"id":345789,"structure_id":49653,"section_number":"10.1-1606","catch_line":"Use of bond proceeds","url":"\/10.1-1606\/","token":"10.1\/II\/16\/10.1-1606","metadata":false},{"id":345790,"structure_id":49653,"section_number":"10.1-1607","catch_line":"Interim receipts or temporary bonds","url":"\/10.1-1607\/","token":"10.1\/II\/16\/10.1-1607","metadata":false},{"id":345791,"structure_id":49653,"section_number":"10.1-1608","catch_line":"Faith and credit of Commonwealth or political subdivision not pledged","url":"\/10.1-1608\/","token":"10.1\/II\/16\/10.1-1608","metadata":false},{"id":345792,"structure_id":49653,"section_number":"10.1-1609","catch_line":"Expenses of the Authority","url":"\/10.1-1609\/","token":"10.1\/II\/16\/10.1-1609","metadata":false},{"id":345793,"structure_id":49653,"section_number":"10.1-1610","catch_line":"Trust agreement securing bonds","url":"\/10.1-1610\/","token":"10.1\/II\/16\/10.1-1610","metadata":false},{"id":345794,"structure_id":49653,"section_number":"10.1-1611","catch_line":"Moneys received deemed trust funds","url":"\/10.1-1611\/","token":"10.1\/II\/16\/10.1-1611","metadata":false},{"id":345795,"structure_id":49653,"section_number":"10.1-1612","catch_line":"Proceedings by bondholder or trustee to enforce rights","url":"\/10.1-1612\/","token":"10.1\/II\/16\/10.1-1612","metadata":false},{"id":345796,"structure_id":49653,"section_number":"10.1-1613","catch_line":"Bonds made securities for investment and deposit","url":"\/10.1-1613\/","token":"10.1\/II\/16\/10.1-1613","metadata":false},{"id":345797,"structure_id":49653,"section_number":"10.1-1614","catch_line":"Revenue refunding bonds; bonds for refunding and for cost of additional projects","url":"\/10.1-1614\/","token":"10.1\/II\/16\/10.1-1614","metadata":false},{"id":345798,"structure_id":49653,"section_number":"10.1-1615","catch_line":"Grants or loans of public or private funds","url":"\/10.1-1615\/","token":"10.1\/II\/16\/10.1-1615","metadata":false},{"id":345799,"structure_id":49653,"section_number":"10.1-1616","catch_line":"Exemption from taxes or assessments","url":"\/10.1-1616\/","token":"10.1\/II\/16\/10.1-1616","metadata":false},{"id":345800,"structure_id":49653,"section_number":"10.1-1617","catch_line":"Moneys of Authority","url":"\/10.1-1617\/","token":"10.1\/II\/16\/10.1-1617","metadata":false},{"id":345801,"structure_id":49653,"section_number":"10.1-1618","catch_line":"Title to property","url":"\/10.1-1618\/","token":"10.1\/II\/16\/10.1-1618","metadata":false},{"id":345802,"structure_id":49653,"section_number":"10.1-1619","catch_line":"Violation of regulations","url":"\/10.1-1619\/","token":"10.1\/II\/16\/10.1-1619","metadata":false},{"id":345803,"structure_id":49653,"section_number":"10.1-1620","catch_line":"Appointment of special conservators of the peace","url":"\/10.1-1620\/","token":"10.1\/II\/16\/10.1-1620","metadata":false},{"id":345804,"structure_id":49653,"section_number":"10.1-1621","catch_line":"Conveyance or lease of park to Authority","url":"\/10.1-1621\/","token":"10.1\/II\/16\/10.1-1621","metadata":false},{"id":345805,"structure_id":49653,"section_number":"10.1-1622","catch_line":"Recordation of conveyances of real estate to Authority","url":"\/10.1-1622\/","token":"10.1\/II\/16\/10.1-1622","metadata":false},{"id":345806,"structure_id":49653,"section_number":"10.1-1623","catch_line":"Dissolution of Authority; disposition of property","url":"\/10.1-1623\/","token":"10.1\/II\/16\/10.1-1623","metadata":false}],"previous_section":{"id":345786,"structure_id":49653,"section_number":"10.1-1603","catch_line":"Powers of Authority","url":"\/10.1-1603\/","token":"10.1\/II\/16\/10.1-1603","metadata":false},"next_section":{"id":345788,"structure_id":49653,"section_number":"10.1-1605","catch_line":"Issuance and sale of bonds","url":"\/10.1-1605\/","token":"10.1\/II\/16\/10.1-1605","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-1604\/","history_text":"

This law was first created in 1986. The record of its establishment is cataloged in chapter 360 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1986 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":1373567,"object_type":"law","relational_id":345787,"identifier":"10.1-1604","token":"10.1\/II\/16\/10.1-1604","url":"\/10.1-1604\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-1604\/","token":"10.1\/II\/16\/10.1-1604","dublin_core":{"Title":"Form, terms, and execution of bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-1604","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The bonds<\/span><\/span> of each issue<\/span> shall be dated, shall bear interest at rates fixed by the Authority<\/span>, shall mature at a time not exceeding forty years from their date, as determined by the Authority<\/span>, and may be made redeemable before maturity, at the option of the Authority<\/span>, at a price and under terms and conditions fixed by the Authority<\/span> prior to the issuance of the bonds<\/span><\/span>. The Authority<\/span> shall determine the form of bonds<\/span><\/span> and manner of execution of the bonds<\/span><\/span> and shall fix the denomination of the bonds<\/span><\/span> and the place of payment of principal and interest, which may be at any bank or trust company. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The bonds<\/span><\/span> shall be signed by the chairman or vice-chairman of the Authority<\/span>, or if authorized by the Authority<\/span>, shall bear his facsimile signature, and the official seal of the Authority<\/span>, or, if authorized by the Authority<\/span>, a facsimile signature thereof shall be impressed or imprinted thereon and attested by the secretary or any assistant secretary of the Authority<\/span>, or, if authorized by the Authority<\/span>, with the facsimile signature of such secretary or assistant secretary. Any coupons attached to bonds<\/span><\/span> issued by the Authority<\/span> shall bear the signature or facsimile signature of the chairman or vice-chairman of the Authority<\/span>. If any officer whose signature or facsimile signature appears on any bonds<\/span><\/span> or coupons ceases to be an officer before the delivery of the bonds<\/span><\/span>, the signature or facsimile shall nevertheless be valid for all purposes. Any bonds<\/span><\/span> may bear the facsimile signature of, or may be signed by, persons who are the proper officers to sign the bonds<\/span><\/span> at the actual time of the execution of such bonds<\/span><\/span> although at the date of the bonds<\/span><\/span> such persons may not have been officers. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORM, TERMS, AND EXECUTION OF BONDS (\u00a7 10.1-1604)\n\nA. The bonds of each issue shall be dated, shall bear interest at rates fixed by\nthe Authority, shall mature at a time not exceeding forty years from their date,\nas determined by the Authority, and may be made redeemable before maturity, at\nthe option of the Authority, at a price and under terms and conditions fixed by\nthe Authority prior to the issuance of the bonds. The Authority shall determine\nthe form of bonds and manner of execution of the bonds and shall fix the\ndenomination of the bonds and the place of payment of principal and interest,\nwhich may be at any bank or trust company.\n\nB. The bonds shall be signed by the chairman or vice-chairman of the Authority,\nor if authorized by the Authority, shall bear his facsimile signature, and the\nofficial seal of the Authority, or, if authorized by the Authority, a facsimile\nsignature thereof shall be impressed or imprinted thereon and attested by the\nsecretary or any assistant secretary of the Authority, or, if authorized by the\nAuthority, with the facsimile signature of such secretary or assistant\nsecretary. Any coupons attached to bonds issued by the Authority shall bear the\nsignature or facsimile signature of the chairman or vice-chairman of the\nAuthority. If any officer whose signature or facsimile signature appears on any\nbonds or coupons ceases to be an officer before the delivery of the bonds, the\nsignature or facsimile shall nevertheless be valid for all purposes. Any bonds\nmay bear the facsimile signature of, or may be signed by, persons who are the\nproper officers to sign the bonds at the actual time of the execution of such\nbonds although at the date of the bonds such persons may not have been officers.\n\nHISTORY: 1986, c. 360, \u00a7 10-158.6; 1988, c. 891.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}