§8-27-24. Bonds Made Legal Investments
Banking institutions, building and loan associations, and insurance companies organized under the laws of this state, may lawfully invest their own funds in bonds issued under the provisions of this article.
§8-27-25. Article Constitutes Complete Authority; Liberal Construction
This article shall constitute full and complete authority for the creation of any authority and for carrying out the powers and duties of any such authority and for the issuance, sale or exchange of revenue bonds by such authority as provided in this article. The provisions of this article shall be liberally construed to accomplish […]
§8-27-26. Dissolution of Authority; Disposition of Assets After Payment of Debts
§8-27-26. Dissolution of authority; disposition of assets after payment of debts. In the event full and adequate provision is made for the payment of all of the debts of an authority, the participating municipalities or counties or any combination thereof which have contributed at least sixty percent of the total value of all moneys and […]
§8-27-27. Employees to Be Covered by Workers' Compensation
All eligible employees of any authority shall be considered to be within the workers' compensation statute of this state and premiums on their compensation shall be paid by the authority as required by law.
§8-27-22. Conflict of Interest
INVESTMENTS; CONSTRUCTION. §8-27-22. Conflict of interest. No member of any authority, nor any of its officers, employees, agents or consultants, shall have any interest in any firm, partnership, corporation, company, association or joint-stock association engaged in the business of providing public transportation in the area encompassed by the authority, or in the manufacture, sale or […]
§8-27-23. Competitive Bids; Publication of Solicitation for Sealed Bids
(a) Any contract for the construction of facilities by any authority, when the expenditure required exceeds the sum of $25,000, shall be based solely on competitive sealed bids. (b) Except as provided in subsections (c) or (d) of this section, the procurement of all supplies, equipment and materials, where the expenditure required exceeds the sum […]
§8-27-15. Trust Indenture Generally
In the discretion of the authority, any bonds issued under the provisions of this article may be secured by a trust indenture by and between such authority and a corporate trustee, which may be any trust company or banking institution having the powers of a trust company within or without the state, or any person […]
§8-27-16. Sinking Fund; West Virginia Municipal Bond Commission; Purchase of Outstanding Bonds
Before the issuance of any bonds under the provisions of this article, the authority shall, by resolution, provide for a sinking fund for the payment of the bonds and the interest thereon, and the payment of the charges of banking institutions or trust companies for making payment of such bonds and interest, out of the […]
§8-27-17. Remedies of Bondholders
Any holder of bonds issued under the provisions of this article or any of the coupons appertaining thereto, and the trustee under any trust indenture securing the same, except to the extent the rights herein given may be restricted by such trust indenture, may, by civil action, mandamus or other proceeding, protect and enforce any […]
§PART. Vii. Public Service Commission. §8-27-18. Repealed. Acts, 1976 Reg. sess., Ch. 85
§8-27-18. Repealed. Acts, 1976 Reg. Sess., Ch. 85.