West Virginia Code § 16-15-20

Bonds authorized by resolution; interest rate and life; forms;
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denominations; redemption; how payable; sale; signatures of commissioners or
officers ceasing to be such before delivery; presumptions in suit, etc., involving
validity.
(a) Bonds of an authority shall be authorized by its resolution and may be issued in one or
more series and shall bear such date or dates, mature at such time or timese, bear interest at
such rate or rates, be in such denomination or denominations, be in such form, either
coupon or registered, carry such conversion or registration privileges, rhave such rank or
priority, be executed in such manner, be payable in such medium of payment, at such place
or places, and be subject to such terms of redemption (with or without premium) as such
resolution, its trust indenture or mortgage may provide. Bonds of a housing authority may be
issued in zero coupon form or subject to federal taxation of itnterest thereon if the resolution
authorizing issuance so provides.
(b) The bonds may be sold at public sale held after notice prior to such sale promulgated in
the manner as the authority deems appropriate or, if the resolution authorizing issuance of
the bonds so provides, they may be sold on a nsegotiated basis or at private sale without any
public advertisement. At the discretion of the housing authority, the bonds may be sold at
par, or at any discount or premium, as the resolution authorizing them provides. A housing
authority issuing bonds may enter into agreements and arrangements with third parties for
the marketing of its bonds as it shall deem appropriate.
(c) In case any of the commissioners or officers of the authority whose signatures appear on
any bonds or coupons shLall cease to be such commissioners or officers before the delivery of
such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the
same as if they had remained in office until such delivery. Any provisions of any law to the
contrary notwithstanding, any bonds issued pursuant to this article shall be negotiable.
(d) In any suit, action or proceedings involving the validity or enforceability of any bond of
an aWuthority or the security therefor, any such bond reciting in substance that it has been
issued by the authority to aid in financing a housing development to provide housing for
persons of eligible income shall be conclusively deemed to have been issued for a housing
development of such character, and the development shall be conclusively deemed to have
been planned, located and constructed in accordance with the purposes and provisions of
this article.

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