§16-13D-15. Rates and Charges
The governing body shall by appropriate resolution make provisions for the payment of said bonds by fixing rates, fees and charges, for the use of all services rendered by such authority, which rates, fees and charges shall be sufficient to pay the costs of operation, improvement and maintenance of the authority's water supply or wastewater […]
§16-13D-16. Refunding Revenue Bonds
The authority having issued bonds under the provisions of this article is hereby empowered thereafter by resolution to issue refunding bonds of such authority for the purpose of retiring or refinancing such outstanding bonds, together with any unpaid interest thereon and redemption premium thereunto appertaining and all of the provisions of this article relating to […]
§16-13D-17. Exemption of Bonds From Taxation
Said bonds and the interest thereon, together with all properties and facilities of the authority owned or used in connection with the water or wastewater system, and all the moneys, revenues and other income of such authority derived from such water or wastewater system shall be exempt from all taxation by the State of West […]
§16-13D-18. Bonds Made Legal Investments
Bonds issued under the provisions of this article shall be legal investments for banks, building and loan associations, and insurance companies organized under the laws of this state and for a business development corporation organized pursuant to chapter thirty-one, article fourteen of the Code of West Virginia.
§16-13D-19. Invalidity of Part
If any section or sections of this article be declared unconstitutional or invalid, this shall not invalidate any other section of this article.
§16-13D-20. Article to Be Liberally Construed
This article is necessary for the public health, safety and welfare and shall be liberally construed to effectuate its purposes.
§16-13D-21. Citation of Article
This article may be known and cited as the ?Regional Water and Wastewater Authority Act".
§16-13D-12. Sinking Fund for Revenue Bonds
At or before the time of the issuance of any bonds under this article the governing body of the authority shall by resolution or in the trust indenture provide for the creation of a sinking fund and for monthly payments into such fund from the revenues of the water supply, wastewater transportation or treatment system […]
§16-13D-13. Collection, etc., of Revenues and Enforcement of Covenants; Default; Suit, etc., by Bondholder or Trustee to Compel Performance of Duties; Appointment and Powers of Receiver
The governing body of any such authority shall have power to insert enforceable provisions in any resolution authorizing the issuance of bonds relating to the collection, custody and application of revenues of the authority from the operation of the water supply, wastewater transportation or treatment system under its control and to the enforcement of the […]
§16-13D-14. Statutory Mortgage Lien Created; Foreclosure Thereof
There shall be and is hereby created a statutory mortgage lien upon such water supply, wastewater transportation or treatment system of the authority, which shall exist in favor of the holders of bonds hereby authorized to be issued, and each of them, and such system shall remain subject to such statutory mortgage lien until payment […]