43.21A.638 - Steam electric generating plant -- Provisions of law, resolution, a contract with bondholder -- Enforcement. - Washington Statutes

Steam electric generating plant — Provisions of law, resolution, a contract with bondholder — Enforcement.

The provisions of RCW 43.21A.610 through 43.21A.642 and any resolution providing for the issuance of revenue bonds shall constitute a contract with the holder or holders from time to time of the revenue bonds of the state finance committee. Such provisions of RCW 43.21A.610 through 43.21A.642 and of any such resolution shall be enforceable by any such bondholders by appropriate action in any court of competent jurisdiction.

[1988 c 127 § 22; 1965 c 8 § 43.21.390. Prior: 1957 c 275 § 17. Formerly RCW 43.21.390.]