PART IX. LIENS AND PROTECTION OF BONDHOLDERS.
§8-16-22. Statutory mortgage lien upon works created.
There shall be and there is hereby created and granted a
statutory mortgage lien upon such municipal public works
constructed, reconstructed, established, acquired, improved,
renovated, extended, enlarged, increased, equipped or repaired
(including replacements) under the provisions of this article,
which shall exist in favor of the holder of said bonds, and each of
them, and to and in favor of the holder of the coupons attached to
said bonds, and such municipal public works shall remain subject to
such statutory mortgage lien until payment in full of the principal
of and interest upon said bonds.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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