§8-18-15. Bonds to pay municipality's share of cost of
Every municipality is also empowered and authorized to issue
and sell its bonds, as provided in this article for the sale of
other bonds, to pay any part of the cost of such improvements to be
paid by the municipality, and such municipality may levy taxes in
addition to all other taxes authorized by law, to pay such bonds
and interest thereon: Provided,
That the total indebtedness of the
municipality for all purposes shall not exceed five percent of the
total value of all taxable property therein.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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