§8-19-7. Bonds payable solely from revenues; not to constitute
municipal or county indebtedness.
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.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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