Washington § 86.09.616 Utility revenue bonds and coupons—Order of payment—When funds deficient.

Washington Statutes

§ 86.09.616 — Utility revenue bonds and coupons—Order of payment—When funds deficient.

Washington § 86.09.616

Title 86FLOOD CONTROL

Ch. 86.09FLOOD CONTROL DISTRICTS—1937 ACT

This text of Washington § 86.09.616 (Utility revenue bonds and coupons—Order of payment—When funds deficient.) 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 § 86.09.616 (2026).

Text

Utility bonds and interest thereon shall be paid in the order of their respective due dates and the bonds and interest of a prior issue shall carry preference in payment over those of a subsequent issue: PROVIDED, That where there is not sufficient money in the utility bond fund to pay all matured demands against the same in accordance with the preference right above mentioned, the county treasurer shall pay the interest on the bonds having the preference right of payment in their numerical order beginning with the bond having the smallest number, to the extent of the available money in the utility bond fund.

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Utility bonds and interest thereon shall be paid in the order of their respective due dates and the bonds and interest of a prior issue shall carry preference in payment over those of a subsequent issue: PROVIDED, That where there is not sufficient money in the utility bond fund to pay all matured demands against the same in accordance with the preference right above mentioned, the county treasurer shall pay the interest on the bonds having the preference right of payment in their numerical order beginning with the bond having the smallest number, to the extent of the available money in the utility bond fund.