§ 86.09.598 — Utility revenue bonds—Form, terms, interest, etc.

Washington § 86.09.598

• Jurisdiction: Washington
• Title 86: FLOOD CONTROL
• Ch. 86.09: FLOOD CONTROL DISTRICTS—1937 ACT

Text

(1) Said utility bonds shall be numbered consecutively, shall mature in series amortized in a definite schedule during a period not to exceed twenty years from the date of their issuance, shall be in such denominations and form and shall be payable, with annual or semiannual interest at such rate or rates and at such place as the county legislative authority of the county within which the major portion of the district is situated shall provide. Such bonds may be in any form, including bearer bonds or registered bonds as provided in RCW 39.46.030 .

(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.

Liberal construction — Severability — 1983 c 167: See RCW 39.46.010 and note following.

Purpose — 1970 ex.s. c 56: See note following RCW 39.52.020 .

Validation — Saving — Severability — 1969 ex.s. c 232: See notes following RCW 39.52.020 .

Legislative History

[1985 c 396 s 79;1983 c 167 s 207;1970 ex.s. c 56 s 94;1969 ex.s. c 232 s 45;1937 c 72 s 200; RRS s 9663E-200. Formerly RCW86.08.800, part.]