Revised Code of Washington - RCW Title 35 Cities And Towns - Section 35.61.110 Indebtedness limit -- With popular vote

§ 35.61.110. Indebtedness limit -- With popular vote

Every metropolitan park district may contract indebtedness not exceeding in amount, together with existing voter-approved indebtedness and nonvoter-approved indebtedness, equal to two and one-half percent of the value of the taxable property in said district, as the term "value of the taxable property" is defined in RCW 39.36.015, whenever three-fifths of the voters voting at an election held in the metropolitan park district assent thereto; the election may be either a special or a general election, and the park commissioners of the metropolitan park district may cause the question of incurring such indebtedness, and issuing negotiable bonds of such metropolitan park district, to be submitted to the qualified voters of the district at any time.

[1989 c 319 § 3; 1970 ex.s. c 42 § 15; 1965 c 7 § 35.61.110. Prior: 1943 c 264 § 7; Rem. Supp. 1943 § 6741-7; prior: 1907 c 98 § 7; RRS § 6726.]

Notes:
     Severability -- Effective date -- 1970 ex.s. c 42: See notes following RCW 39.36.015.

Limitations upon indebtedness: State Constitution Art. 7 § 2 (Amendments 55, 59), Art. 8 § 6 (Amendment 27), chapter 39.36 RCW, RCW 84.52.050.

Validation requirement: RCW 39.40.010. Sections:  Previous  35.61.010  35.61.020  35.61.030  35.61.040  35.61.050  35.61.090  35.61.100  35.61.110  35.61.115  35.61.120  35.61.130  35.61.132  35.61.133  35.61.135  35.61.137  Next

Last modified: April 7, 2009