§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-5. Declaration of Authority Organization, When Quasi-Governmental Public Corporation
Upon the approval of the Public Service Commission and filing with the Secretary of State, the Secretary of State shall declare the authority organized and give it the corporate name of regional water authority number _____, regional wastewater authority number _____, or regional water and wastewater authority number _____, whichever is appropriate. Thereupon the authority […]
§16-13D-6. Governing Body; Appointments; Terms of Members, Voting Rights
The governing body of the authority shall consist of not less than three persons selected by the participating public agencies. Each participating public agency shall appoint at least one and not more than two members. Each member's full term shall be not less than one year nor more than four years and initial terms shall […]
§16-13D-7. Meetings of Governing Body; Annual Audit
The governing body of the authority shall meet as often as the needs of the authority require; but not less frequently than on a quarterly basis. The governing body shall cause to be made an annual audit of the financial records of the authority, the cost of said audit to be paid by the authority.