§15-6-7. State Armory Board — Authority to Issue Revenue Bonds
The board is hereby empowered to raise the cost of the project, as defined hereinabove, by the issuance of armory board revenue bonds of the State of West Virginia, the principal of and interest on which bonds shall be payable solely from the special fund provided by section ten of this article for such payment. […]
§15-6-8. State Armory Board — Trustee of Holders of Revenue Bonds
The board may enter into an agreement or agreements with any trust company, or with any bank having the powers of a trust company, either within or outside of the state, as trustee for the holders of bonds issued hereunder, setting forth therein such duties of the state and of the board in respect to […]
§15-6-9. Application of Proceeds of Bonds, Grants and Appropriations
The proceeds of all bonds issued and sold under the provisions of this article, the proceeds of any grants, gifts or contributions received by the board and any appropriations for the construction or acquisition of armory projects shall be paid to the treasurer of the State of West Virginia who shall not commingle such moneys […]
§15-6-10. Rentals and Other Revenues From Armories
The board is hereby authorized to fix, revise, charge and collect rent for the use of armories or any part or parts thereof, and to contract with the Adjutant General of the state, with any other officer, department or public corporation or political subdivision thereof and with any person, partnership, association or corporation desiring the […]
§15-6-11. Authority of Board to Pledge Revenues as Security
The board shall have authority to pledge all revenue derived from any project as security for any bonds issued under this article to defray the cost of such project. In any case in which the board may deem it advisable it shall also have the authority to pledge the revenue derived from any existing armories […]
§15-6-2. Armory Board Revenue Bonds Not to Constitute State Debt, etc.
Armory board revenue bonds issued under the provisions of this article shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision, but such bonds shall be payable solely from the funds […]
§15-6-3. Definitions
The following terms, wherever used or referred to in this article shall have the following meanings, unless a different meaning clearly appears from the context: (a) The word "board" shall mean the state armory board created by section four of this article, or if such board be abolished, any board or officer succeeding to the […]
§15-6-4. State Armory Board — Generally
The state armory board is continued. The board may sue and be sued, and plead and be impleaded. It is a body corporate and is an agency of the state. The exercise by the board of the powers conferred by this article in the acquisition, financing, construction, operation and maintenance of armories and armory projects […]
§15-6-5. State Armory Board — Duties
The board shall be responsible for the acquisition, financing, construction, and disposition of armories. It shall properly maintain, repair, operate, manage and control all armories, fix the rates of rental, and establish bylaws and rules and regulations for their use and operation, and may make and enter into all contracts, agreements necessary and incidental to […]
§15-6-6. State Armory Board — Powers
The board is hereby authorized and empowered: (a) To adopt bylaws for the regulation of its affairs and the conduct of its business. (b) To adopt an official seal and alter the same at pleasure. (c) To sue and be sued in its own name, plead and be impleaded: Provided, however, That any and all […]