§ 47.60.114. Refunding bonds -- Payable from revenues
Any refunding bonds authorized by this chapter constitute obligations of the department only and not of the state of Washington. They shall be payable solely out of all or such part of the revenues derived from the operation of the toll bridge, toll road, toll tunnel, ferry system, or any other toll facility, as shall be provided in the resolution authorizing the issuance of the refunding bonds.
[1984 c 7 § 306; 1961 c 13 § 47.60.114. Prior: 1957 c 152 § 2; 1955 c 17 § 2.]
Notes:
Severability -- 1984 c 7: See note following RCW 47.01.141.
Sections: Previous 47.60.050 47.60.060 47.60.080 47.60.090 47.60.100 47.60.110 47.60.113 47.60.114 47.60.115 47.60.120 47.60.120 47.60.122 47.60.124 47.60.126 47.60.130 Next
Last modified: April 7, 2009