§ 79.24.660. Bonds as security and legal investment
Bonds authorized by RCW 79.24.650 through 79.24.668 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 79.24.650 through 79.24.668.
[1969 ex.s. c 272 § 6.]
Sections: Previous 79.24.590 79.24.600 79.24.650 79.24.652 79.24.654 79.24.656 79.24.658 79.24.660 79.24.662 79.24.664 79.24.666 79.24.668 79.24.700 79.24.710 79.24.720 NextLast modified: April 7, 2009