There is hereby created a statutory mortgage lien upon the water supply, wastewater transportation or treatment system, or stormwater system of the authority, which shall exist in favor of the holders of bonds hereby authorized to be issued, and each of them, and the system shall remain subject to the statutory mortgage lien until payment in full of all principal of and interest on the bonds.
W. Va. Code § 16-13D-14
Statutory mortgage lien created; foreclosure thereof
Known as the Regional Water and Wastewater, and Stormwater Authority Act
The act spans §§ 16-13D-1 to 16-13D-9 (22 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.