West Virginia Code 13-2G-13 – Issuance without election or creation of a new debt
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The issuance, sale or exchange of bonds authorized in this article may be had without an election and shall not be deemed to create a new debt as long as provision has been made to pay the principal of, premium, if any, and interest on the bonds to be refunded as provided in section seven of this article.
Terms Used In West Virginia Code 13-2G-13
- Bonds: means general obligation bonds, review bonds, notes or other debt instruments issued by the state, a state agency or a state authority. See West Virginia Code 13-2G-2