Any such municipality or county commission may enter into contracts or agreements with any persons for (1) the repair, maintenance and operation and management of the facilities and properties of said waterworks or electric power system, or any part thereof, or (2) the collection and disbursement of the income and revenues therefor, or for both (1) and (2), for such period of time and under such terms and conditions as shall be agreed upon between such municipality or county commission and such persons. Any such municipality or county commission shall have plenary power and authority to provide in the ordinance or order authorizing the issuance of bonds hereunder, or in any trust indenture securing such bonds, that such contracts or agreements shall be valid and binding upon the municipality and county commission as long as any of said bonds, or interest thereon, is outstanding and unpaid.
Structure West Virginia Code
Chapter 8. Municipal Corporations
Article 19. Municipal and County Waterworks and Electric Power Systems
§8-19-2a. Procedure for Changing Rates of Municipal Electric Power Systems; Legislative Findings
§8-19-2b. Right of Appeal by Customers
§8-19-3. Right of Eminent Domain; Limitations
§8-19-5. Publication of Abstract of Ordinance or Order and Notice; Hearing
§8-19-6. Amount, Negotiability and Execution of Bonds
§8-19-7. Bonds Payable Solely From Revenues; Not to Constitute Municipal or County Indebtedness
§8-19-8. Lien of Bondholders; Deeds of Trust; Security Agreements; Priority of Liens
§8-19-9. Covenants With Bondholders
§8-19-12. Service Charges; Sinking Fund; Amount of Bonds; Additional Bonds; Surplus
§8-19-13. Discontinuance of Water or Electric Power Service for Nonpayment of Rates or Charges
§8-19-14. Bonds for Additions, Betterments and Improvements
§8-19-15. System of Accounts; Audit
§8-19-16. Protection and Enforcement of Rights of Bondholders, etc.; Receivership
§8-19-17. Grants, Loans, Advances and Agreements
§8-19-20. Article to Be Liberally Construed
§8-19-21. Specifications for Water Mains and Water Service Pipes