§ 70.44.130. Bonds -- Payment -- Security for deposits
The principal and interest of such general bonds shall be paid by levying each year a tax upon the taxable property within the district sufficient, together with other revenues of the district available for such purpose, to pay said interest and principal of said bonds, which tax shall be due and collectible as any other tax. All bonds and warrants issued under the authority of this chapter shall be legal securities, which may be used by any bank or trust company for deposit with the state treasurer, or any county or city treasurer, as security for deposits, in lieu of a surety bond, under any law relating to deposits of public moneys.
[1984 c 186 § 61; 1971 ex.s. c 218 § 3; 1945 c 264 § 14; Rem. Supp. 1945 § 6090-43.]
Notes:
Purpose -- 1984 c 186: See note following RCW 39.46.110.
Sections: Previous 70.44.062 70.44.065 70.44.067 70.44.070 70.44.080 70.44.090 70.44.110 70.44.130 70.44.140 70.44.171 70.44.185 70.44.190 70.44.200 70.44.210 70.44.220 Next
Last modified: April 7, 2009