§ 79.24.150. Bonds as security and legal investment
Bonds authorized by RCW 79.24.100 through 79.24.160 shall be accepted by the state, counties, cities, towns, school districts, and other political subdivisions as security for the deposit of any of their funds in any banking institution. Any officer of this state, or any county, city, town, school district, or other political subdivision may invest surplus funds, which he is authorized to invest in securities, and where such authorization is not limited or restricted as to the class of securities in which he may invest, in bonds issued under RCW 79.24.100 through 79.24.160.
[1947 c 186 § 6; Rem. Supp. 1947 § 7921-15.]
Sections: Previous 79.24.085 79.24.087 79.24.100 79.24.110 79.24.120 79.24.130 79.24.140 79.24.150 79.24.160 79.24.300 79.24.310 79.24.320 79.24.330 79.24.340 79.24.400 NextLast modified: April 7, 2009