West Virginia § 16-29A-11 Enforcement of payment and validity of bonds and notes

West Virginia Statutes

§ 16-29A-11 — Enforcement of payment and validity of bonds and notes

West Virginia·Ch. 16 PUBLIC HEALTH·Art. 29A WEST VIRGINIA HOSPITAL FINANCE AUTHORITY ACT

(a)The provisions of this article and any resolution, indenture, deed of trust or security agreement shall continue in effect until the principal of and interest on the bonds or notes of the authority have been fully paid, and the duties of the authority under this article and any resolution, indenture, deed of trust or security agreement shall be enforceable by any bondholder or noteholder by mandamus, trustee's sale under the deed of trust or other appropriate action in any court of competent jurisdiction.

(b)The resolution authorizing the bonds or notes shall provide that such bonds or notes shall contain a recital that they are issued pursuant to this article, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

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(a) The provisions of this article and any resolution, indenture, deed of trust or security agreement shall continue in effect until the principal of and interest on the bonds or notes of the authority have been fully paid, and the duties of the authority under this article and any resolution, indenture, deed of trust or security agreement shall be enforceable by any bondholder or noteholder by mandamus, trustee's sale under the deed of trust or other appropriate action in any court of competent jurisdiction.

(b) The resolution authorizing the bonds or notes shall provide that such bonds or notes shall contain a recital that they are issued pursuant to this article, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

West Virginia § 16-29A-11 (Enforcement of payment and validity of bonds and notes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.