Statutes > Virginia Statutes > Title 15.2 - COUNTIES, CITIES AND TOWNS. > Chapter 11 - Powers of Cities and Towns (15.2-1100 thru 15.2-1133) > 15.2-1105 - Borrowing money and issuing evidence of indebtedness.

15.2-1105 - Borrowing money and issuing evidence of indebtedness.

§ 15.2-1105. Borrowing money and issuing evidence of indebtedness.

A municipal corporation may, in the name of and for the use of the municipalcorporation, borrow money and issue evidence of indebtedness therefor,subject to such limitations as may be imposed by law.

(Code 1950, § 15-77.7; 1958, c. 328; 1962, c. 623, § 15.1-843; 1997, c. 587.)