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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348633</law_id><section_number>15.2-5208</section_number><catch_line>Issuance and sale of bonds</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="10" identifier="52">Hospital or Health Center Commissions</unit></structure><text>
						<section><p>Any <span class="dictionary">bonds</span> issued by a <span class="dictionary">hospital or health center</span> commission may be issued in one or more series, shall bear such date or dates, mature at such time or times, bear interest at such rate or rates payable at such time or times, be in such denominations, be in such form, either coupon or registered, carry such registration <span class="dictionary">privileges</span>, be executed in such manner, be payable in such medium of payment, at such place or places, be subject to such terms of <span class="dictionary">redemption</span>, with or without premium, as the commission by resolution may prescribe. Such <span class="dictionary">bonds</span> may be sold at public or private sale for such price or prices as the commission determines.</p></section></text><history>Code 1950, &#xA7; 32-282; 1979, c. 719, &#xA7; 15.1-1522; 1997, c. 587.</history><metadata><court_decisions></court_decisions></metadata></law>
