15.2-5115 - Same; contracts relating to use of systems.
§ 15.2-5115. Same; contracts relating to use of systems.
An authority may make and enter into all contracts or agreements, as theauthority may determine, which are necessary or incidental to the performanceof its duties and to the execution of the powers granted by this chapter,including contracts with any federal agency, the Commonwealth, the Districtof Columbia or any adjoining state or any unit thereof, on such terms andconditions as the authority may approve, relating to (i) the use of anysystem, or streetlight system in King George County acquired or constructedby the authority under this chapter, or the services therefrom or thefacilities thereof, or (ii) the use by the authority of the services orfacilities of any system, or streetlight system in King George County ownedor operated by an owner other than the authority.
The contract shall be subject to such provisions, limitations or conditionsas may be contained in the resolution of the authority authorizing revenuebonds of the authority or the provisions of any trust agreement securing suchbonds. Such contract may provide for the collecting of fees, rates or chargesfor the services and facilities rendered to a unit or to the inhabitantsthereof, by such unit or by its agents or by the agents of the authority, andfor the enforcement of delinquent charges for such services and facilities.The provisions of the contract and of any ordinance or resolution of thegoverning body of a unit enacted pursuant thereto shall not be repealed solong as any of the revenue bonds issued under the authority of this chapterare outstanding and unpaid. The provisions of the contract, and of anyordinance or resolution enacted pursuant thereto, shall be for the benefit ofthe bondholders. The aggregate of any fees, rates or charges which arerequired to be collected pursuant to any such contract, ordinance orresolution shall be sufficient to pay all obligations which may be assumed bythe other contracting party.
(Code 1950, § 15-764.12; 1950, p. 1318; 1954, c. 554; 1958, cc. 400, 402;1960, c. 430; 1962, cc. 130, 623, § 15.1-1250; 1968, cc. 355, 556; 1970, cc.444, 617; 1972, c. 161; 1979, c. 280; 1980, c. 159; 1981, c. 610; 1983, c.422; 1984, c. 554; 1994, c. 477; 1997, cc. 527, 573, 587; 2007, c. 813; 2009,c. 473.)