{"data":{"id":"us-va/va.-code-15.2-6708","jurisdiction":"us-va","citation":"Va. Code § 15.2-6708","heading":"Powers of Authority","body":"The Authority shall have the following powers together with all powers incidental thereto or necessary for the performance of those hereinafter stated:1. To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties;2. To adopt and use a corporate seal and to alter the same at pleasure;3. To contract and be contracted with;4. To employ and pay compensation to such employees and agents, including attorneys, as the board deems necessary in carrying on the business of the Authority;5. To establish bylaws and make all rules and regulations, not inconsistent with the provisions of this chapter, deemed expedient for the management of the Authority's affairs;6. To borrow money and to accept contributions, grants, and other financial assistance from the United States government and agencies or instrumentalities thereof; the Commonwealth, or any political subdivision, agency, or public instrumentality of the Commonwealth; or any private person, foundation, or financial institution;7. To issue bonds in accordance with applicable law;8. To receive and expend moneys on behalf of tourist train development; and9. To cooperate with any private or governmental entities in the states of West Virginia, Kentucky, Tennessee, or North Carolina in the development of a tourist train and theme park.2017, c. 834.","path":["Title 15.2. COUNTIES, CITIES AND TOWNS","Subtitle IV. OTHER GOVERNMENTAL ENTITIES","Chapter 67.1. VIRGINIA COAL TRAIN HERITAGE AUTHORITY"],"source_url":"https://law.lis.virginia.gov/vacode/15.2-6708/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:19Z","sha256":"e31b95be58c85b353460963d5ff6c5cd1f4539e134a1f7db0cfe147c6f3abbde","source_id":"us-va","stale":true,"prev":"us-va/va.-code-15.2-6707","next":"us-va/va.-code-15.2-6709"},"notice":"GroundRules: Original legal text. Not legal advice."}