13-2E-1 How article cited
13-2E-2 Definitions
13-2E-3 Authority to refund
13-2E-4 Terms, form and execution of refunding bonds
13-2E-5 Issuance of refunding bonds; application of proceeds
13-2E-6 Determination of governing body to be conclusive
13-2E-7 Authorization for issuance
13-2E-8 Authority for escrow agreement
13-2E-9 Call of revenue bonds for redemption
13-2E-10 Security provisions
13-2E-11 Bonds payable solely from revenues of enterprise
13-2E-12 Tax exemption; exceptions
13-2E-13 Validity of bonds
13-2E-14 Article complete authority for refunding bonds; effect on other laws; liberal construction
13-2E-15 Severability

Terms Used In West Virginia Code > Chapter 13 > Article 2E - Revenue Bond Refunding Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Town: includes a city, village or town, and the word "council" any body or board, whether composed of one or more branches, which is authorized to make ordinances for the government of a city, town, or village. See West Virginia Code 2-2-10
  • Trustee: A person or institution holding and administering property in trust.