§ 86.09.616. Utility revenue bonds and coupons -- Order of payment -- When funds deficient
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.
[1937 c 72 § 206; RRS § 9663E-206. Formerly RCW 86.08.800, part.]
Sections: Previous 86.09.559 86.09.562 86.09.565 86.09.592 86.09.595 86.09.598 86.09.601 86.09.616 86.09.619 86.09.621 86.09.622 86.09.625 86.09.627 86.09.700 86.09.703 NextLast modified: April 7, 2009