Funding or refunding bonds—Bonds not general obligation.

  1. Law
  2. Revised Code of Washington
  3. Cities and Towns
  4. Municipal Utilities.
  5. Funding or refunding bonds—Bonds not general obligation.

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Such funding or refunding bonds shall not be a general indebtedness of the city or town, but shall be payable solely from a special fund created therefor by ordinance. Each bond shall state upon its face that it is payable from a special fund, naming the fund and the ordinance creating it.

[ 1965 c 7 § 35.92.120. Prior: 1935 c 81 § 2; RRS § 9492-2. Formerly RCW 80.40.120.]


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