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§ 7-5a-5 — West Virginia Law | CourtGPT
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  2. Laws/
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  4. Chapter 7 - County Commissions and Officers/
  5. Article 5a - Loans From Governmental Agencies to Liquidate Certain Indebtedness§7-5a-1. Loans Authorized/
  6. § 7-5a-5
West Virginia Legal Code

§ 7-5a-5

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The said county courts shall set apart a sufficient amount from the taxes, levied and collected annually, to create a sinking fund for the repayment of the aforesaid loan on the basis of five percent of the principal plus the interest thereon annually. Any county court, after a period of five years from the date of said loan, if it has sufficient funds on hand, may pay off and discharge the whole amount of the money so borrowed.