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Home » US Law » 2022 West Virginia Code » Chapter 8. Municipal Corporations » Article 19. Municipal and County Waterworks and Electric Power Systems

§8-19-5. Publication of Abstract of Ordinance or Order and Notice; Hearing

After the ordinance or order for any project under this article has been adopted, an abstract of the ordinance or order, determined by the governing body to contain sufficient information as to give notice of the contents of such ordinance or order, together with the following described notice, shall be published as a Class II […]

§8-19-6. Amount, Negotiability and Execution of Bonds

Bonds herein provided for shall be issued in such amounts as may be necessary to provide sufficient funds to pay all costs of acquisition, construction, establishment, extension or equipment, including engineering, legal and other expenses, together with interest to a date six months subsequent to the estimated date of completion. Bonds issued under the provisions […]

§8-19-8. Lien of Bondholders; Deeds of Trust; Security Agreements; Priority of Liens

Unless the governing body shall otherwise determine in the ordinance or order authorizing the issuance of bonds under this article, there shall be and there is hereby created and granted a statutory mortgage lien upon the waterworks or electric power system so acquired, constructed, established, equipped, extended or improved from the proceeds of bonds hereby […]

§8-19-9. Covenants With Bondholders

Any ordinance or order authorizing the issuance of bonds hereunder, or any trust indenture with any banking institution or trust company within or without the state for the security of said bonds, which any such municipality or county commission is hereby empowered and authorized to enter into and execute, may contain covenants with the holders […]