Revised Code of Washington - RCW Title 52 Fire Protection Districts - Section 52.16.061 General obligation bonds -- Issuance -- Limitations

§ 52.16.061. General obligation bonds -- Issuance -- Limitations

The board of fire commissioners of the district shall have authority to contract indebtedness and to refund same for any general district purpose, including expenses of maintenance, operation and administration, and the acquisition of firefighting facilities, and evidence the same by the issuance and sale of general obligation bonds of the district payable at such time or times not longer than twenty years from the issuing date of the bonds. Such bonds shall be issued and sold in accordance with chapter 39.46 RCW. Such bonds shall not exceed an amount, together with any outstanding nonvoter approved general obligation indebtedness, equal to three-eighths of one percent of the value of the taxable property within the fire protection district, as the term "value of the taxable property" is defined in RCW 39.36.015.

[1993 c 231 § 1; 1984 c 186 § 39; 1983 c 167 § 122; 1970 ex.s. c 56 § 66; 1969 ex.s. c 232 § 89; 1955 c 134 § 2; 1953 c 176 § 3.]

Notes:
     Purpose -- 1984 c 186: See note following RCW 39.46.110.

     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.

Sections:  Previous  52.16.010  52.16.020  52.16.030  52.16.040  52.16.050  52.16.061  52.16.070  52.16.080  52.16.130  52.16.140  52.16.150  52.16.160  52.16.170  Next

Last modified: April 7, 2009