# W. Va. Code § 31-18-9: Borrowing of money

> West Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S9

## Section

- **Citation:** W. Va. Code § 31-18-9
- **Heading:** Borrowing of money
- **Jurisdiction:** West Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WV Code / Chapter 31 / Article 18 / Section 9

## Text

The borrowing of money and the notes and bonds evidencing any such borrowing shall be authorized by resolution approved by the Board of Directors of the Housing Development Fund, shall bear such date or dates, and shall mature at such time or times, in the case of any such note or any renewal thereof, not exceeding 20 years from the date of issue of such original note, and, in the case of any such bond, not exceeding 50 years from the date of issue, as such resolution or resolutions may provide. The notes and bonds shall bear interest at such rate or rates, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms or conditions of redemption as such resolution or resolutions may provide.

## Nearby sections

- [W. Va. Code § 31-18-1 §31-18-1. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S1.md)
- [W. Va. Code § 31-18-2 §31-18-2. Legislative findings and purpose.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S2.md)
- [W. Va. Code § 31-18-3 §31-18-3. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S3.md)
- [W. Va. Code § 31-18-4 §31-18-4. Composition; board of directors; appointment, term, etc., of private members; chairman and vice chairman; quorum.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S4.md)
- [W. Va. Code § 31-18-5 §31-18-5. Management and control of Housing Development Fund vested in board; officers; liability.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S5.md)
- [W. Va. Code § 31-18-6 §31-18-6. Corporate Powers.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S6.md)
- [W. Va. Code § 31-18-6A §31-18-6a. Certain loans exempt from laws limiting interest rates or providing forfeitures, etc.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S6A.md)
- [W. Va. Code § 31-18-7 §31-18-7. Notes or bonds as general obligations of Housing Development Fund.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S7.md)
- [W. Va. Code § 31-18-8 §31-18-8. Notes and bonds as negotiable instruments.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S8.md)
- [W. Va. Code § 31-18-9 §31-18-9. Borrowing of money.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S9.md)
- [W. Va. Code § 31-18-10 §31-18-10. Sale of notes or bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S10.md)
- [W. Va. Code § 31-18-11 §31-18-11. Authorizing resolutions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S11.md)
- [W. Va. Code § 31-18-12 §31-18-12. Validity of any pledge, mortgage, deed of trust or security instrument.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S12.md)
- [W. Va. Code § 31-18-13 §31-18-13. Redemption of notes or bonds.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S13.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C31_A18_S9. Check the current official text before relying on it. Not legal advice.