West Virginia § 8-19-7 Bonds payable solely from revenues; not to constitute municipal or county indebtedness

West Virginia Statutes

§ 8-19-7 — Bonds payable solely from revenues; not to constitute municipal or county indebtedness

West Virginia § 8-19-7

Ch. 8MUNICIPAL CORPORATIONS

Art. 19MUNICIPAL AND COUNTY WATERWORKS AND ELECTRIC POWER SYSTEMS

This text of West Virginia § 8-19-7 (Bonds payable solely from revenues; not to constitute municipal or county indebtedness) 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 § 8-19-7 (2026).

Text

Bonds issued under the provisions of this article shall be payable solely from the revenues derived from such waterworks or electric power system, and such bonds shall not in any event constitute an indebtedness of such municipality or county within the meaning of any Constitutional or statutory provision or limitation, and it shall be plainly stated on the face of each bond that the same has been issued under the provisions of this article, and that it does not constitute an indebtedness of such municipality or county within Constitutional or statutory provision or limitation. Subject to the provisions of subsection (b), section twelve of this article, the ordinance or order authorizing the issuance of the bonds may contain such covenants and restrictions upon the issuance of additional r

Free access — add to your briefcase to read the full text and ask questions with AI

Bonds issued under the provisions of this article shall be payable solely from the revenues derived from such waterworks or electric power system, and such bonds shall not in any event constitute an indebtedness of such municipality or county within the meaning of any Constitutional or statutory provision or limitation, and it shall be plainly stated on the face of each bond that the same has been issued under the provisions of this article, and that it does not constitute an indebtedness of such municipality or county within Constitutional or statutory provision or limitation. Subject to the provisions of subsection (b), section twelve of this article, the ordinance or order authorizing the issuance of the bonds may contain such covenants and restrictions upon the issuance of additional revenue bonds thereafter as may be considered necessary or advisable for the assurance of payment of the bonds thereby authorized and as may thereafter be issued.