§ 89.30.430. Special fund from fixed income -- Contents -- Pledge of income -- Not district obligation
Bonds payable from such special fund shall not be an obligation of the reclamation district and they shall state on their face that they are payable solely from a special fund derived from a certain fixed proportion (naming it) of the gross income derived by the district from the sale, rent or lease of water or power, as the case may be, and such fixed proportion of such gross income shall be irrevocably devoted to the payment of such bonds until the same are fully paid.
[1927 c 254 § 144; RRS § 7402-144. Formerly RCW 89.26.260.]
Sections: Previous 89.30.391 89.30.394 89.30.397 89.30.400 89.30.403 89.30.412 89.30.427 89.30.430 89.30.433 89.30.436 89.30.439 89.30.442 89.30.445 89.30.448 89.30.451 NextLast modified: April 7, 2009