Revised Code of Washington - RCW Title 35 Cities And Towns - Chapter 35.45 Local Improvements -- Bonds And Warrants

  • 35.45.010 Authority to issue bonds
    The city or town council may provide by ordinance for the payment of the whole or any portion of the cost and expense of any ...
  • 35.45.020 Bond issue -- Due date -- Interest
    Local improvement bonds shall be issued pursuant to ordinance and shall be made payable on or before a date not to exceed thirty years from ...
  • 35.45.030 Bonds -- Form -- Content
    (1) Local improvement bonds shall be in such denominations as may be provided in the ordinance authorizing their issue and shall be numbered from one ...
  • 35.45.040 Bonds -- Sale of
    (1) Local improvement bonds may be issued to the contractor or sold by the officers authorized by the ordinance directing their issue to do so, ...
  • 35.45.050 Call of bonds
    Except when bonds have been issued with a fixed maturity schedule or with a fixed maximum annual retirement schedule as authorized in RCW 35.45.020, the ...
  • 35.45.060 Interest on bonds -- How payable
    The city or town treasurer shall pay interest on the bonds issued against local improvement funds out of the local improvement fund from which the ...
  • 35.45.065 Interest on bonds -- Payment from general revenues -- Authority -- Procedure
    The city or town council may provide by ordinance that all or part of the interest upon said bonds shall be paid from the general ...
  • 35.45.070 Nonliability of city or town
    (1)(a) Neither the holder nor owner of any bond, interest coupon, warrant, or other short-term obligation issued against a local improvement fund shall have any ...
  • 35.45.080 Remedy of bondholders
    If a city or town fails to pay any bonds or to promptly collect any local improvement assessments when due, the owner of the bonds ...
  • 35.45.090 Excess to be refunded -- Demand -- Right of action
    Any funds in the treasury of any municipal corporation belonging to the fund of any local improvement district after the payment of the whole cost ...
  • 35.45.130 Warrants against local improvement fund authorized
    Every city and town may provide by ordinance for the issuance of warrants in payment of the cost and expense of any local improvement, payable ...
  • 35.45.140 Warrants acceptable in payment of assessments
    Cities and towns may accept warrants drawn against any local improvement fund upon such conditions as they may by ordinance or resolution prescribe, in satisfaction ...
  • 35.45.150 Installment notes -- Interest certificates
    In addition to the issuance of bonds and warrants in payment of the cost and expense of any local improvement, any city or town may ...
  • 35.45.155 Installment notes -- Refunding
    Any city or town having issued one or more installment notes pursuant to RCW 35.45.150 may refund all of such notes or the principal thereof ...
  • 35.45.160 Consolidated local improvement districts -- Authorized -- Purpose
    For the purpose of issuing bonds only, the governing body of any municipality may authorize the establishment of consolidated local improvement districts. The local improvements ...
  • 35.45.170 Refunding bonds -- Limitations
    The legislative authority of any city or town may issue and sell bonds to refund outstanding local improvement district or consolidated local improvement district bonds ...
  • 35.45.180 Transfer from general fund to local improvement fund authorized -- Ordinance
    Any city or town, when authorized by ordinance, may transfer permanently or temporarily, money from its general fund, or from any other municipal fund as ...

Last modified: April 7, 2009