If the required amount of all the votes, pursuant to section four of this article, cast for and against the proposition to incur debt and issue negotiable bonds is in favor of the same, the governing body of the political division shall, by resolution, authorize the issuance of the bonds in an amount not exceeding the amount stated in the proposition; establish the maximum rate or rates of interest which the bonds shall bear within the maximum rate stated in the proposition submitted to vote; require that the bonds shall be made payable at the office of the Municipal Bond Commission and at any other place or places as the body issuing the same designates; provide for a sufficient levy to pay the annual interest on the bonds and the principal at maturity; fix the times within the maximum period, as contained in the proposition submitted to vote, when the bonds shall become payable, which shall not exceed thirty-four years from the date thereof; determine whether all or a portion of the bonds will be subject to redemption prior to the maturity thereof; and prescribe a form for executing the bonds authorized.
Structure West Virginia Code
Chapter 13. Public Bonded Indebtedness
Article 1. Bond Issues for Original Indebtedness
§13-1-1. Political Divisions Authorized to Issue and Sell Bonds
§13-1-1a. Exemption From Interest Rate Ceilings
§13-1-2. Purposes for Which Bonds May Be Issued
§13-1-3. Amount and Purpose of Indebtedness for Which Bonds May Be Issued
§13-1-4. Bond Issue Proposal to Be Submitted to Voters; Election Order
§13-1-6. Bonds May Be Specified for More Than One Purpose; Single or General Purpose Defined
§13-1-6a. When Proceeds of Bond Issue Specified for One Project May Be Used for Another Project
§13-1-7. When Election to Be Held
§13-1-8. Publication of Notice of Election
§13-1-9. Registration of Voters
§13-1-11. General Election Laws to Apply; Recorders and Secretaries to Act in Lieu of Circuit Clerks
§13-1-13. Time and Manner of Canvassing Returns
§13-1-14. Resolution Authorizing Issuance and Fixing Terms of Bonds
§13-1-15. Bonds to Be Payable in Annual or Semiannual Installments
§13-1-15a. Bonds May Be Subject to Redemption
§13-1-17. Bonds Shall Be Registered
§13-1-19. Signing, Sealing and Delivery of Bonds
§13-1-20. Imposition and Collection of Tax to Pay Bonds and Interest
§13-1-21. Advertisement and Sale of Bonds
§13-1-22. Purposes for Which Proceeds to Be Used; Purchaser Need Not See to Application Thereof
§13-1-24. Legal Status of Bonds
§13-1-26. Review in Supreme Court of Appeals of Action of Attorney General
§13-1-28. Indorsement on Bonds by Attorney General
§13-1-30. Files and Records to Be Kept by Attorney General
§13-1-31. Proceedings to Issue Bonds Under Authority of Prior Statutes; Debts Heretofore Incurred