Armory board revenue bonds issued under the provisions of this article shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision, but such bonds shall be payable solely from the funds herein provided therefor from revenues. All such bonds shall contain on the face thereof a statement to the effect that neither the state nor any political subdivision thereof shall be obligated to pay the same or the interest thereon except from revenues of the project or projects for which they are issued and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledged to the payment of the principal of or the interest on such bonds.
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