WEST VIRGINIA CODE
WVC 17 - 17 - 32
§17-17-32. Same -- General powers of cities and counties; bonds
generally; exemptions from taxation.
Any city or county court authorized and empowered by this
act to construct or purchase and maintain and operate such
highway toll bridge, is further authorized and empowered to do
and perform any and all acts and make all contracts necessary to
effectuate the general purposes of this act, including the
acquisition, by original grant, purchase, condemnation or other
lawful means, of all necessary permits, franchises, licenses,
rights-of-way, easements and other rights in real estate, and
title to and possession thereof, and/or to make such purchase,
with the money borrowed as provided in section one of this act,
or otherwise. Such city or county court shall have authority to
make such contracts, agreements and covenants between it and said
reconstruction finance corporation, public works administration,
or other governmental agency, for the loan of said funds and
securing payment thereof, as they may be able to effectuate,
subject only to this limitation, that the bonds or other
evidences of indebtedness issued or given as security therefore
shall be payable solely out of the revenues of such bridge; and
to construct, own, operate and maintain such bridge over and
across such river or stream, and to make and enter into such
contracts, and to do and perform such acts as may be necessary to
the construction, and/or purchase, ownership, operation and
maintenance of such bridge, subject to such burdens, restrictions
and encumbrances as it may be necessary to incur and bear, in
securing such funds for construction, including the creation by mortgage or deed of trust, on the said bridge, its equipment,
tolls and revenues and franchise, and also subject to the laws of
this state and the United States, relating to toll bridges over
and across navigable streams, insofar as they are applicable to
such bridges. Bonds, or other evidences of indebtedness, issued
hereunder, shall be exempt from taxation by the state of West
Virginia or any county, district or municipality thereof.
Note: WV Code updated with legislation passed through the 2012 1st Special Session