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Current as of January 01, 2024 | Updated by FindLaw Staff
Unless otherwise provided by resolution of the board, there is a statutory mortgage lien upon such solid waste facilities of the authority, which exists in favor of the holders of bonds or notes hereby authorized to be issued, and each of them, and the coupons attached to said bonds or notes, and such solid waste facilities remain subject to such statutory mortgage lien until payment in full of all principal of and interest on such bonds or notes. Any holder of such bonds or notes, of any coupons attached thereto, may, either at law or in equity, enforce said statutory mortgage lien conferred hereby and upon default in the payment of the principal of or interest on said bonds or notes, and may foreclose such statutory mortgage lien in the manner now provided by the laws of the state of West Virginia for the foreclosure of mortgages on real property.
Cite this article: FindLaw.com - West Virginia Code Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts § 22C-4-18. Statutory mortgage lien created unless otherwise provided; foreclosure thereof - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-22c-environmental-resources-boards-authorities-commissions-and-compacts/wv-code-sect-22c-4-18/
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 or via Westlaw before relying on it for your legal needs.
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