Any pledge made by the authority shall be valid and binding from the time the pledge is made. The money or property so pledged and thereafter received by the authority shall immediately be subject to the lien of the pledge without any physical delivery thereof or further act. The lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice thereof.
Structure West Virginia Code
Article 29A. West Virginia Hospital Finance Authority Act
§16-29A-2. Declaration of Policy and Responsibility; Purpose and Intent of Article; Findings
§16-29A-4. Creation of Authority and Board; Status and Members of Board
§16-29A-5. Powers of Authority
§16-29A-8. Trustee for Bondholders; Contents of Trust Agreement
§16-29A-9. Use of Funds by Authority; Restrictions Thereon
§16-29A-10. Security for Bonds and Notes
§16-29A-11. Enforcement of Payment and Validity of Bonds and Notes
§16-29A-12. Pledges; Time; Liens; Recordation
§16-29A-14. Purchase and Cancellation of Notes or Bonds
§16-29A-15. Vested Rights; Impairment
§16-29A-17. Negotiability of Bonds and Notes
§16-29A-18. Bonds and Notes Legal Investments
§16-29A-19. Exemption From Taxation
§16-29A-20. Certificate of Need
§16-29A-21. Nondiscrimination; Hospital Facilities
§16-29A-22. Personal Liability; Persons Executing Bonds or Notes
§16-29A-23. Financial Interest in Contracts Prohibited; Penalty
§16-29A-24. Meetings and Records of Authority to Be Kept Public