West Virginia § 7-5A-5 Creation of sinking fund; loan may be repaid after five years

West Virginia Statutes

§ 7-5A-5 — Creation of sinking fund; loan may be repaid after five years

West Virginia § 7-5A-5

Ch. 7COUNTY COMMISSIONS AND OFFICERS

Art. 5ALOANS FROM GOVERNMENTAL AGENCIES TO LIQUIDATE CERTAIN INDEBTEDNESS

This text of West Virginia § 7-5A-5 (Creation of sinking fund; loan may be repaid after five years) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 7-5A-5 (2026).

Text

The said county courts shall set apart a sufficient amount from the taxes, levied and collected annually, to create a sinking fund for the repayment of the aforesaid loan on the basis of five percent of the principal plus the interest thereon annually. Any county court, after a period of five years from the date of said loan, if it has sufficient funds on hand, may pay off and discharge the whole amount of the money so borrowed.

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The said county courts shall set apart a sufficient amount from the taxes, levied and collected annually, to create a sinking fund for the repayment of the aforesaid loan on the basis of five percent of the principal plus the interest thereon annually. Any county court, after a period of five years from the date of said loan, if it has sufficient funds on hand, may pay off and discharge the whole amount of the money so borrowed.