In the event that any of the members of the board of directors or any officers of the Authority cease to be members or officers before the delivery of any bonds or credit enhancements signed by them, their signatures or authorized substitute signatures shall nevertheless be valid and sufficient for all purposes as if the members or officers had remained in office until delivery.
1984, c. 699; 1998, c. 399.
Structure Code of Virginia
Title 62.1 - Waters of the State, Ports and Harbors
Chapter 21 - Virginia Resources Authority
§ 62.1-198. Legislative findings and purposes
§ 62.1-200. Creation of Authority
§ 62.1-201. Board of Directors
§ 62.1-202. Appointment and duties of Executive Director
§ 62.1-203. Powers of Authority
§ 62.1-204. Power to borrow money and issue bonds and credit enhancements
§ 62.1-205. Power to issue refunding bonds
§ 62.1-206. Sources of payment and security for bonds and credit enhancements
§ 62.1-207. Liability of Commonwealth, political subdivisions and members of board of directors
§ 62.1-208. Authorization, content and sale of bonds and credit enhancements
§ 62.1-209. Provisions of resolution or trust indenture authorizing issuance of bonds
§ 62.1-210. Pledge by Authority
§ 62.1-211. Purchase of bonds by Authority
§ 62.1-212. Bonds as negotiable instruments
§ 62.1-213. Validity of signatures of prior members or officers
§ 62.1-214. Bondholder protection
§ 62.1-215. Establishment of capital reserve funds
§ 62.1-216. Purchase and credit enhancements of local obligations
§ 62.1-217. Grants from Commonwealth
§ 62.1-218. Grants to local governments
§ 62.1-219. Exemption from taxation
§ 62.1-220. Bonds as legal investments and securities
§ 62.1-221. Deposit of money; expenditures; security for deposits