§ 47.26.421 — Bonds—Term—Terms and conditions—Signatures—Registration—Where payable—Negotiable instruments.

Washington § 47.26.421

• Jurisdiction: Washington
• Title 47: PUBLIC HIGHWAYS AND TRANSPORTATION
• Ch. 47.26: DEVELOPMENT IN URBAN AREAS—URBAN ARTERIALS

Text

Each of such first authorization bonds, series II bonds, and series III bonds shall be made payable at any time not exceeding thirty years from the date of its issuance, with such reserved rights of prior redemption, bearing such interest, and such terms and conditions, as the state finance committee may prescribe to be specified therein. The bonds shall be signed by the governor and the state treasurer under the seal of the state, either or both of which signatures may be in printed facsimile, and any coupons attached to such bonds shall be signed by the same officers whose signatures thereon may be in printed facsimile. Any bonds may be registered in the name of the holder on presentation to the state treasurer or at the fiscal agency of the state of Washington in Seattle or New York City, as to principal alone, or as to both principal and interest under such regulations as the state treasurer may prescribe. Such bonds shall be payable at such places as the state finance committee may provide. All bonds issued hereunder shall be fully negotiable instruments.

Effective date — 1981 c 315: See note following RCW 47.26.190 .

Construction — 1979 c 5: See note following RCW 47.26.420 .

Legislative History

[1986 c 290 s 3;1981 c 315 s 6;1979 c 5 s 4;1973 1st ex.s. c 169 s 5;1967 ex.s. c 83 s 46.]