Unless otherwise provided by resolution of the board, there is a statutory mortgage lien upon such solid waste facilities of the authority, which exists in favor of the holders of bonds or notes hereby authorized to be issued, and each of them, and the coupons attached to said bonds or notes, and such solid waste facilities remain subject to such statutory mortgage lien until payment in full of all principal of and interest on such bonds or notes. Any holder of such bonds or notes, of any coupons attached thereto, may, either at law or in equity, enforce said statutory mortgage lien conferred hereby and upon default in the payment of the principal of or interest on said bonds or notes, and may foreclose such statutory mortgage lien in the manner now provided by the laws of the State of West Virginia for the foreclosure of mortgages on real property.
Structure West Virginia Code
Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts
Article 4. County and Regional Solid Waste Authorities
§22C-4-1. Legislative Findings and Purposes
§22C-4-3. Creation of County Solid Waste Authority; Appointment to Board of Directors; Vacancies
§22C-4-5. Authorities as Successor to County Commissions and Former County Solid Waste Authorities
§22C-4-13. Items Included in Cost of Properties
§22C-4-14. Bonds or Notes May Be Secured by Trust Indenture
§22C-4-15. Sinking Fund for Bonds or Notes
§22C-4-17. Operating Contracts
§22C-4-18. Statutory Mortgage Lien Created Unless Otherwise Provided; Foreclosure Thereof
§22C-4-19. Refunding Bonds or Notes
§22C-4-20. Indebtedness of Authority
§22C-4-21. Property, Bonds or Notes and Obligations of Authority Exempt From Taxation
§22C-4-23. Powers, Duties and Responsibilities of Authority Generally
§22C-4-25. Siting Approval for Solid Waste Facilities; Effect on Facilities With Prior Approval
§22C-4-26. Approval of New Class a Facilities by Solid Waste Authorities
§22C-4-27. Approval of Conversion From Class B Facility to Class a Facility
§22C-4-28. Approval of Increase in Maximum Allowable Monthly Tonnage of Class a Facilities