10-2A-1 Definitions
10-2A-2 Authority to establish and operate athletic establishments; bonds to pay costs
10-2A-2a Joint establishment and operation of athletic establishment
10-2A-3 Construction, etc., to be under control of board or committee appointed by board
10-2A-4 Powers of board; contracts; employees
10-2A-5 Preliminary expenses
10-2A-6 Resolution for construction, etc., of establishment; notice and hearing
10-2A-7 Acquisition of property or establishments; eminent domain
10-2A-8 Bonds for improvements and extension of existing athletic establishments
10-2A-9 Items of expense included in cost of athletic establishment
10-2A-10 Bonds to be payable from special fund; exemption from taxation
10-2A-11 Interest rate and life of bonds; redemption; how payable; form; denominations; negotiability; surplus funds; additional bonds authorized; interim certificates
10-2A-12 Obligations not to bind member of board personally
10-2A-13 Additional bonds for extension or improvement of athletic establishments
10-2A-14 How proceeds of bonds applied; lien
10-2A-15 Bonds secured by trust indenture between board and corporate trustees
10-2A-16 Sinking fund
10-2A-17 Charges and rentals for use of athletic establishment
10-2A-18 Accounting system; yearly audit; custodian of funds
10-2A-19 Board to pay charges and rentals for use of establishment
10-2A-20 Operation under supervision and control of board; leasing
10-2A-21 When statutory mortgage lien created; enforcement of lien by bondholders; suit to compel performance of duties
10-2A-22 Acquisition of property on which encumbrance exists
10-2A-23 Protection and enforcement of rights of bondholders; receivership
10-2A-24 Article confers additional powers
10-2A-25 Construction of powers conferred
10-2A-26 Article liberally construed

Terms Used In West Virginia Code > Chapter 10 > Article 2A - Athletic Establishments

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • athletic establishment: shall be construed to mean and include athletic fields of all types, stadiums, gymnasiums, field houses, and all other types of athletic establishments capable of producing revenue, where the cost of such acquisition, construction, extension, equipment or improvements, together with reasonable interest thereon, will be returned within a reasonable period, not exceeding thirty years, by means of charges, rentals, radio broadcasting franchise fees, and other tolls, fees and charges other than taxation. See West Virginia Code 10-2A-1
  • board: as used in this article shall mean any county court, municipal corporation or county board of education in the State of West Virginia. See West Virginia Code 10-2A-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.