All moneys received from any bonds issued pursuant to this article, after reimbursements and repayment to said municipality of all amounts advanced for preliminary expenses as provided in section four of this article, shall be applied solely to the payment of the cost of the work, extensions, improvements or betterments, or to the appurtenant sinking fund and there shall be and hereby is created and granted a lien upon such moneys, until so applied, in favor of the holders of the bonds or the trustees hereinafter provided for.
Structure West Virginia Code
Article 13. Sewage Works and Stormwater Works
§16-13-1. Acquisition, Operation, etc., of Works; Acquisition of Property; Issuance of Bonds
§16-13-4. Payment of Preliminary Expenses of Surveys, etc.
§16-13-5. Ordinance Necessary Before Acquisition or Construction of Works
§16-13-6. Publication and Hearing Upon Ordinance
§16-13-7. Acquisition by Condemnation or Purchase
§16-13-9. Contracts and Obligations Incurred to Be Paid for Solely by Revenue Bonds
§16-13-11. Additional Bonds to Extend or Improve Works
§16-13-12. Additional Bonds for Extension, etc., of Works to Have Equal Priority With Original Bonds
§16-13-13. Application of Revenue From Bonds; Lien
§16-13-14. Securing Bonds by Trust Indenture
§16-13-15. Sinking Fund; Transfer of Balance of Net Revenues
§16-13-17. Government Units Subject to Established Rates
§16-13-18a. Publication of Financial Statement
§16-13-20. Discharge of Lien on Property Acquired
§16-13-21. Action on Certificates or Attached Coupons; Receivers
§16-13-22. Powers Conferred in Addition to Existing Powers; Jurisdiction Outside Corporate Limits
§16-13-22a. Grants, Loans and Advances
§16-13-22b. Contracts for Abatement of Pollution
§16-13-22d. Subordination of Bonds
§16-13-22e. Operating Contract
§16-13-22f. Exemption of Bonds From Taxation
§16-13-22g. Covenants With Bondholders
§16-13-23a. Additional Powers of Municipality to Cease Pollution