WEST VIRGINIA CODE
WVC 16 - 29 A- 8
§16-29A-8. Trustee for bondholders; contents of trust
agreement.
In the discretion of the authority, any bonds, including
refunding bonds, or notes issued by the authority may be secured
by a trust agreement between the authority and a corporate
trustee, which trustee may be any trust company within or without
the state. Any such trust agreement may contain provisions as
set forth in section seven of this article with respect to the
resolution. All expenses incurred in carrying out the
provisions of any trust agreement may be treated as a part of the
costs of the operation of the hospital loan program provided for
hereunder. Any such trust agreement, indenture or resolution
authorizing the issuance of bonds or notes may provide the method
whereby the general administrative overhead expenses of the
authority shall be allocated among the several hospitals to which
hospital loans have been made.
Note: WV Code updated with legislation passed through the 2012 1st Special Session