§ 53.40.125. District may mortgage industrial development facility
The port commission of any port district, as security for the payment of the principal of and interest on any revenue bonds issued and any agreements made in connection therewith, may mortgage, pledge, or otherwise encumber the particular industrial development facility or facilities or any part or parts thereof that are being financed by the revenue bonds, whether then owned or thereafter acquired, and may assign any mortgage and repledge any security conveyed to the port district for that particular facility or facilities.
[1987 c 289 § 1.]
Sections: Previous 53.40.010 53.40.020 53.40.030 53.40.040 53.40.050 53.40.110 53.40.120 53.40.125 53.40.130 53.40.135 53.40.140 53.40.150 NextLast modified: April 7, 2009