Revised Code of Washington - RCW Title 87 Irrigation - Chapter 87.22 Refunding Bonds -- 1929 Act

87.22.010 Refunding authorized
Any or all bonds heretofore issued by any irrigation district in this state may be refunded as hereinafter provided.[1929 c 120 § 1; RRS § ...

87.22.020 When proceedings may be instituted
Before any proposition for the issuance of limited liability refunding bonds, as provided for in this chapter, of an irrigation district in this state shall ...

87.22.030 Petition -- Contents
The said board of directors shall institute such proceedings by filing a petition in the superior court of the county in which the greater part ...

87.22.040 Schedule of maximum benefits
There shall accompany said petition as an exhibit thereto a schedule of maximum benefits and of irrigable acreage for all the respective lands in the ...

87.22.050 Hearing, time and place of
Upon the filing of said petition with the schedule of irrigable acreage and maximum benefits, the court shall fix a time and place for hearing ...

87.22.060 Notice -- Service
The notice of said hearing shall be given and published in the same manner, except as herein otherwise provided, and for the same length of ...

87.22.065 Notice -- Contents
Said notice shall state that the district (naming it) proposes to issue and dispose of a refunding bond issue specifying the amount; that proceedings have ...

87.22.070 Hearing -- Decree
At the time and place stated in the notice of said hearing, the court shall consider said petition and shall receive such pertinent evidence as ...

87.22.080 Benefits, how determined -- Dismissal -- Continuance -- Waiver
The maximum benefits accruing to the several tracts of land in the district from the proposed refunding bond issue shall be considered as new and ...

87.22.085 Irrigable acreage, how determined
In determining the irrigable acreage as provided herein, the court shall consider all lands included in the district capable of being used for agricultural purposes, ...

87.22.090 Appellate review
Appellate review of the judgment entered in said proceedings may be sought in the same manner as in other cases in equity.[1988 c 202 § ...

87.22.100 Final judgment conclusive
The judgment of the court determining maximum benefits and the irrigable acreage in such proceedings, unless appealed from within the time prescribed by law, and ...

87.22.105 Final judgment conclusive -- Exception
Said judgment shall be final and conclusive upon and against all lands in the district on appeal as aforesaid, except as to the particular tract ...

87.22.110 Transcript to other counties
A transcript of so much of the judgment in said proceedings as pertain to the lands situated in each county other than the one in ...

87.22.120 Election -- Question to electors
Upon final determination of maximum benefits and irrigable acreage aforesaid, the board of directors of the district shall submit to the electors of the district ...

87.22.125 Election -- Procedure
Except as herein otherwise specifically provided said election shall be called, noticed, conducted and the results thereof determined in the same manner and by the ...

87.22.130 Election -- Notice, contents
The notice of said election shall specify the time and place of the election, the amount of the proposed refunding bonds, the maturity, the schedule ...

87.22.140 Election -- Majority vote affirmative, procedure
If a majority of the votes cast at said election are in favor of the proposed refunding issue the board of directors shall thereupon have ...

87.22.145 Exchange of bonds
Refunding bonds provided for under this chapter may be exchanged for any or all of the bonds to be refunded on such basis as may ...

87.22.150 Form of bonds -- Manner of payment -- Interest rate
(1) Said refunding bonds shall be issued in such denominations as the board shall determine, but in the same denominations so far as practicable as ...

87.22.160 Interest on unpaid bond installments -- When payable
All unpaid installments on account of the principal of said refunding bonds shall bear interest from the date of the bonds at a rate or ...

87.22.165 Bond payments, where payable
Both principal and interest shall be made payable at the office of the county treasurer of the county in which the office of the board ...

87.22.170 Bond contents -- Transferability -- Priority
Said bonds shall express upon their face that they were issued by authority of this chapter, stating its title and date of approval, that the ...

87.22.175 Bonds -- Signature -- Registration book
Said bonds shall be signed by the president of the board and secretary of the district and the seal of the district shall be impressed ...

87.22.190 Transfer on registration book required
Said bonds shall be transferable only on the registration book and any attempted transfer of said bonds not recorded in said registration book shall be ...

87.22.200 Bonds of equal priority
Said bonds shall be of equal priority and shall be paid on a pro rata basis, in proportion to their respective face values, PROVIDED, That ...

87.22.210 Payment to record owner
Payment by the said county treasurer of any installment of or interest on said bonds, or any of the same, to the recorded owner thereof ...

87.22.215 Payment to agent
Any bondholder or group of bondholders shall have the right to request said county treasurer in writing to pay the interest and installments of principal ...

87.22.230 Assessments -- Limitations
No tract of land shall be assessed by the district during the life of the proposed bonds when issued for the purpose of paying the ...

87.22.240 Assessments -- Methods of payment
The owner of any land within said irrigation district which shall be liable for payment of said refunding bonds shall have the right to pay ...

87.22.245 Assessments -- Receipts
In case the owner of any land within an irrigation district shall make payment in accordance with the second provision in RCW 87.22.240, the county ...

87.22.250 Assessments -- Payment in money only
Full payment of the decreed maximum benefits accruing to any tract of land aforesaid can be made by the payment of money only and no ...

87.22.260 Sale or lease of foreclosed land -- Disposition of proceeds
In any instance where an irrigation district having outstanding refunding bonds issued under the provision of this chapter, sells or rents a tract of land ...

87.22.270 Excess in bond fund -- Apportionment
When the money in the refunding bond fund reaches an excess of ten percent of the amount necessary to meet the total aggregate minimum annual ...

87.22.275 Rights of bond owners -- Lien of bonds -- Manner of payment
Except as herein otherwise specifically provided, refunding bonds, authorized, issued and disposed of under the provisions of this chapter shall entitle the owners thereof to ...

87.22.280 Judicial confirmation
Proceedings had for the authorization, issuance and disposal of refunding bonds provided for herein may be considered, confirmed and approved by the court in proceedings ...

87.22.900 Severability -- 1929 c 120
If any section or provision of this chapter shall be adjudged to be invalid or unconstitutional such adjudication shall not affect the validity of the ...

87.22.910 Construction -- Chapter additional method
Nothing in this chapter contained shall be deemed or construed as abridging, enlarging or modifying any existing statute relating to refunding bonds of irrigation districts. ...