Code of Virginia
Chapter 9.1 - Utility Consumer Services Cooperatives and Utility Aggregation Cooperatives
§ 56-231.25. Power to issue obligations

A cooperative shall have power and is hereby authorized, from time to time, to issue its obligations for any corporate purpose. Such obligations may be authorized by resolution of the board, and may bear such date or dates, mature at such time or times, bear such interest, be payable at such times, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, as such resolution may provide. Such obligations may be sold in such manner and upon such terms as the board may determine. Pending the preparation or execution of definitive bonds, or obligations, interim receipts or certificates of temporary bonds may be delivered to the purchaser of such obligations.
1999, c. 874; 2000, cc. 944, 999.

Structure Code of Virginia

Code of Virginia

Title 56 - Public Service Companies

Chapter 9.1 - Utility Consumer Services Cooperatives and Utility Aggregation Cooperatives

§ 56-231.15. Definitions

§ 56-231.16. Organization; purpose

§ 56-231.17. Articles of incorporation

§ 56-231.18. Name of other corporations not to include term "electric cooperative" or "utility consumer services cooperative."

§ 56-231.19. Filing articles of incorporation; effect thereof; other provisions of law applicable

§ 56-231.20. Repealed

§ 56-231.21. Dissolution and termination of cooperatives

§ 56-231.22. Charter amendments

§ 56-231.23. General powers granted

§ 56-231.24. Power to dispose of property

§ 56-231.25. Power to issue obligations

§ 56-231.26. Covenants in connection with obligations

§ 56-231.27. Power to purchase its own obligations

§ 56-231.28. Board of directors of cooperatives

§ 56-231.29. Powers of board of directors

§ 56-231.30. Rights and liabilities of members

§ 56-231.31. Payment of certain patronage capital to spouse or next of kin of deceased person

§ 56-231.31:1. Donation of certain patronage capital to the cooperative

§ 56-231.32. Service to members

§ 56-231.33. Adequate service; rates

§ 56-231.34. Regulation by Commission

§ 56-231.34:1. Separation of regulated and unregulated businesses

§ 56-231.34:2. Right of action; violation of rules or regulations

§ 56-231.35. Charter fees, etc.

§ 56-231.36. Construction of article; conflicting laws

§ 56-231.37. How article cited

§ 56-231.38. Definitions

§ 56-231.39. Organization and purpose

§ 56-231.40. Names

§ 56-231.41. Articles of incorporation

§ 56-231.42. Bylaws

§ 56-231.43. Powers

§ 56-231.44. Board of directors

§ 56-231.45. Officers

§ 56-231.46. Members

§ 56-231.47. Adoption of article

§ 56-231.48. Applicability of other laws

§ 56-231.49. Restructuring costs

§ 56-231.50. Regulation by State Corporation Commission

§ 56-231.50:1. Separation of regulated and unregulated businesses

§ 56-231.50:2. Right of action; violation of rules or regulations

§ 56-231.51. Construction of article and conflicting laws

§ 56-231.52. Citation to article