Section 15.2-5108 - Issuance of certificate or charterThe State Corporation Commission shall issue a certificate of incorporation or charter to the authority if it finds that:
1. The articles of incorporation conform to law; and2. The estimated costs and rates for services of the proposed projects are fair and equitable, and have been advertised under § 15.2-5104 or subsection A of § 15.2-5156, as applicable. Upon the issuance of the certificate or charter such authority shall be conclusively deemed to have been lawfully and properly created and established and authorized to exercise its powers under this chapter.
Code 1950, § 15-764.8; 1950, p. 1316; 1962, c. 623, § 15.1-1246; 1973, c. 478; 1983, c. 80; 1984, c. 239; 1997, c. 587; 2009, c. 473.Amended by Acts 2009, c. 473.Amended by Acts 1997, c. 587.Amended by Acts 1984, c. 239.Amended by Acts 1983, c. 80.Amended by Acts 1973, c. 478.Amended by Acts 1962, c. 623, § 15.1-1246.Amended by Acts 1950, § p. 1316.