67.28.150 - Issuance of general obligation bonds -- Maturity -- Methods of payment. - Washington Statutes

Issuance of general obligation bonds — Maturity — Methods of payment.

To carry out the purposes of this chapter any municipality shall have the power to issue general obligation bonds within the limitations now or hereafter prescribed by the laws of this state. Such general obligation bonds shall be authorized, executed, issued and made payable as other general obligation bonds of such municipality: PROVIDED, That the governing body of such municipality may provide that such bonds mature in not to exceed forty years from the date of their issue, may provide that such bonds also be made payable from any special taxes provided for in this chapter, and may provide that such bonds also be made payable from any otherwise unpledged revenue which may be derived from the ownership or operation of any properties.

[1997 c 452 § 9; 1984 c 186 § 56; 1967 c 236 § 8.]

Notes: Intent -- Severability--1997 c 452: See notes following RCW 67.28.080.

Savings -- 1997 c 452: See note following RCW 67.28.181.

Purpose -- 1984 c 186: See note following RCW 39.46.110.