West Virginia Code
Article 1. Bond Issues for Original Indebtedness
§13-1-21. Advertisement and Sale of Bonds

The governing body of the political division issuing bonds pursuant to this article shall sell the same and collect the proceeds, which proceeds shall be deposited with its treasurer. The governing body of the political division shall advertise such bonds for sale, on sealed bids or electronic bids if the governing body elects to utilize an electronic bidding procedure, which advertisement shall be published as a Class II legal advertisement in compliance with the provisions of article three, chapter fifty-nine of this code and the publication area for the publication shall be the political division. The first publication shall be made at least fourteen days before the date fixed for the reception of bids. The advertisement shall also be published in the Bond Buyer or similar publication and the advertisement may be published electronically: Provided, That all advertisements required by this section may consist of an abbreviated notice of the sale of the bonds. The governing body may reject any and all bids. If the bonds are not sold pursuant to the advertisement, they may, within one hundred twenty days after the date advertised for the reception of bids, be sold by the governing body at private sale, but no private sale shall be made at a price less than the highest bid which is received. If not sold, the bonds shall be readvertised in the manner herein provided. In no event shall bonds be sold for less than their par value.

Structure West Virginia Code

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

§13-1-5. Engineer's Estimate

§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

§13-1-10. Election Precincts

§13-1-11. General Election Laws to Apply; Recorders and Secretaries to Act in Lieu of Circuit Clerks

§13-1-12. Form of Ballot

§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

§13-1-16. Recital of Certification That Bonds Are Issued in Conformity With Constitution and Statutes; Effect Thereof With Attorney General's Endorsement

§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

§13-1-23. No Law, Order, Ordinance, Resolution, Proceeding or Publication Necessary Except as Prescribed by This Article

§13-1-24. Legal Status of Bonds

§13-1-25. Copy of Proceedings to Be Transmitted to Attorney General for Approval or Disapproval; Publication of Approval or Disapproval

§13-1-26. Review in Supreme Court of Appeals of Action of Attorney General

§13-1-27. Bond Issue and Tax to Pay Bonds to Be Incontestable Upon Failure to File Petition for Review or Dismissal Thereof

§13-1-28. Indorsement on Bonds by Attorney General

§13-1-29. Costs of Proceedings and Expenses of Attorney General to Be Paid Out of Proceeds of Bonds or General Fund

§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

§13-1-32. Amount of Indebtedness Authorized by §13-1-3 May Be Increased by Special Act as to Municipalities and Independent School Districts; Bonds for Assessments Against Abutting Property Excepted From This Article

§13-1-33. Bonds Exempt From Taxation

§13-1-34. Bonded Indebtedness of School Districts; Annual Tax to Be Levied and Collected to Pay Same; Definition of Value

§13-1-35. Bonded Indebtedness of Counties, Magisterial Districts and Municipal Corporations; Levy and Collection of Taxes to Pay Same