The issuance, sale or exchange of bonds authorized in this article may be had without an election and shall not be deemed to create a new debt as long as provision has been made to pay the principal of, premium, if any, and interest on the bonds to be refunded as provided in section seven of this article.
Structure West Virginia Code
Chapter 13. Public Bonded Indebtedness
Article 2G. State Refunding Bond Act
§13-2G-3. Issuance of Refunding Bonds
§13-2G-4. Security for Refunding Bonds
§13-2G-5. Principal Amount, Use of Sinking and Reserve Funds
§13-2G-6. Terms of Refunding Bonds; Time, Place and Amount of Payments
§13-2G-7. Sale of Refunding Bonds at Above or Below Par Value
§13-2G-9. Certain Provisions of the Code or Act of Legislature to Apply to Refunding Bonds
§13-2G-10. Provision for Payment of the Bonds to Be Refunded
§13-2G-11. Bonds Previously Issued by the Board of Regents
§13-2G-12. Article Sufficient Authority for Issuing Refunding Bonds
§13-2G-13. Issuance Without Election or Creation of a New Debt