WVC 17 - 26 - 9
§17-26-9. Refunding bonds.
Any state road general obligation bonds which are outstanding
may at any time be refunded by the issuance of refunding bonds in
an amount deemed necessary to refund the principal of the bonds to
be refunded, together with any unpaid interest thereon; to
accomplish the purpose of the amendment and to pay any premiums
and commissions necessary to be paid in connection therewith. Any
refunding may be effected whether the state road general obligation
bonds to be refunded shall have then matured or shall thereafter
mature. Any refunding bonds issued pursuant to this article shall
be payable from the safe road bond debt service fund.