To Create a Class Notebook,
Select the Class Notebook option (1) in the left section
Click on the Set up a OneNote Class Notebook button (2)
And Select the From Existing Notebook Content option (3)

Click Next

You can Copy Content from other Notebooks into this Notebook's Content Library or Teacher-Only Section
Do this by Selecting the Add Content button

And Finding the relevant Resources

The Student's Private Space is what the student will see in their own section
You can rename (1), delete (2), and Create New (3) sections

When Done click Create in the bottom right.