WVC 16 - 13 - 9
§16-13-9. Contracts and obligations incurred to be paid for
solely by revenue bonds.
Nothing in this article contained shall be so construed as to
authorize or permit any municipality to make any contract or to
incur any obligation of any kind or nature except such as shall be
payable solely from the funds provided under this article. Funds
for the payment of the entire cost of any of the works referred to
in this article, exclusive of any portions of the cost that may be
defrayed out of any grant or contribution, shall be provided by the
issuance of revenue bonds of the municipality, the principal and
interest of which shall be payable solely from the fund herein
provided for the payment, and the bonds may not, in any respect,
be a corporate indebtedness of the municipality, within the meaning
of any statutory or constitutional limitations thereon. All the
details of the bonds shall be determined by ordinance or ordinances
of the municipality.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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