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Virginia Code Title 15.2. Counties, Cities and Towns § 15.2-2104. Bond of person awarded franchise, etc.

Current as of January 01, 2025 | Updated by Findlaw Staff

The person to whom a franchise, right, lease or privilege is awarded, whether by competing bids or otherwise, shall first execute a bond, with good and sufficient security, in favor of the city or town. The bond shall be in such sum as the city or town shall determine, conditioned upon the construction, operation and maintenance of the plant or plants provided for in the granted franchise, right, lease or privilege.

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Cite this article: FindLaw.com - Virginia Code Title 15.2. Counties, Cities and Towns § 15.2-2104. Bond of person awarded franchise, etc. - last updated January 01, 2025 | https://codes.findlaw.com/va/title-15-2-counties-cities-and-towns/va-code-sect-15-2-2104/

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