Washington Statutes

§ 32.20.100 — Revenue bonds of certain cities in any state.

Washington § 32.20.100
JurisdictionWashington
Title 32WASHINGTON SAVINGS BANK ACT
Ch. 32.20INVESTMENTS

This text of Washington § 32.20.100 (Revenue bonds of certain cities in any state.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wash. Rev. Code § 32.20.100 (2026).

Text

A mutual savings bank may invest its funds in the water revenue or electric revenue bonds of any incorporated city situated in the United States: PROVIDED, That the city has a population as shown by the last decennial federal census of at least forty-five thousand inhabitants, and the entire revenue of the city's water or electric system less maintenance and operating costs is irrevocably pledged to the payment of the interest and principal of the bonds.

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Legislative History

[1955 c 13 s 32.20.100. Prior:1941 c 15 s 8;1937 c 95 s 6; Rem. Supp. 1941 s 3381-8a.]

Nearby Sections

15
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Bluebook (online)
Washington § 32.20.100, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.20.100.