The board shall have authority to pledge all revenue derived from any project as security for any bonds issued under this article to defray the cost of such project. In any case in which the board may deem it advisable it shall also have the authority to pledge the revenue derived from any existing armories as additional security for the payment of any bonds issued under the provisions of this article to pay the cost of any armory project.
Structure West Virginia Code
§15-6-1. Legislative Purpose and Authority
§15-6-2. Armory Board Revenue Bonds Not to Constitute State Debt, etc.
§15-6-4. State Armory Board -- Generally
§15-6-5. State Armory Board -- Duties
§15-6-6. State Armory Board -- Powers
§15-6-6a. Transfer of Powers and Duties to the Adjutant General
§15-6-7. State Armory Board -- Authority to Issue Revenue Bonds
§15-6-8. State Armory Board -- Trustee of Holders of Revenue Bonds
§15-6-9. Application of Proceeds of Bonds, Grants and Appropriations
§15-6-10. Rentals and Other Revenues From Armories
§15-6-11. Authority of Board to Pledge Revenues as Security
§15-6-12. Title to Armory Property, etc., to Vest in State
§15-6-13. Lease of Armory or Armory Facilities by Adjutant General
§15-6-14. Acquisition of Property for Armory Projects; Condemnation
§15-6-15. Preliminary Expenses of Armory Projects
§15-6-16. County or Municipal Aid for Armory Purposes
§15-6-17. Disposition of Abandoned and Unsuitable Armories or Armory Facilities
§15-6-18. Exemption of Armories, etc., From Taxation