West Virginia Code Chapter 13. Public Bonded Indebtedness § 13-2G-13. Issuance without election or creation of a new debt

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.