West Virginia Statutes

§ 8-16-23 — Acquisition of property on which lien exists

West Virginia·Ch. 8 MUNICIPAL CORPORATIONS·Art. 16 MUNICIPAL PUBLIC WORKS; REVENUE BOND FINANCING
No property shall be acquired under the provisions of this article upon which any lien or other encumbrance exists, unless at the time such property is acquired a sufficient sum of money be deposited in trust to pay and redeem such lien or encumbrance in full.

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Legislative History

1969 Reg. Sess., SB2

Nearby Sections

15
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