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Current as of January 01, 2024 | Updated by Findlaw Staff
Notwithstanding any other provisions to the contrary in this article, any municipality authorizing the issuance of bonds under this article in an effort to aid in the abatement or reduction of the pollution of any waters or streams may provide in the ordinance authorizing the issuance of the bonds and in any trust indenture pertaining thereto that such bonds, or any additional bonds that may thereafter be issued to extend or improve the works, shall, to the extent and in the manner prescribed, be subordinated and be junior in standing, with respect to the payment of principal and interest and the security thereof, to such other bonds as are designated in the ordinance.
Cite this article: FindLaw.com - West Virginia Code Chapter 16. Public Health § 16-13-22d. Subordination of bonds - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-16-public-health/wv-code-sect-16-13-22d/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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