RCW 32.20.110
District bonds secured by taxing power.
A mutual savings bank may invest its funds in the bonds of any port district, sanitary district, water-sewer district, tunnel district, bridge district, flood control district, park district, or highway district in the United States which has a population as shown by the last decennial federal census of not less than one hundred fifty thousand inhabitants, and has taxable real property with an assessed valuation in excess of two hundred million dollars and has power to levy taxes on the taxable real property therein for the payment of the bonds without limitation of rate or amount.
[ 1999 c 153 § 27; 1955 c 13 § 32.20.110. Prior: 1937 c 95 § 7; RRS § 3381-8b.]
NOTES:
Part headings not law—1999 c 153: See note following RCW 57.04.050.
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
32.20.020 - Power to invest funds—Restrictions.
32.20.030 - Bonds or obligations of United States and Canada.
32.20.035 - Investment trusts or companies.
32.20.040 - Federally insured or secured loans, securities, etc.
32.20.045 - Obligations of corporations created as federal agency or instrumentality.
32.20.047 - Stock of small business investment companies regulated by United States.
32.20.050 - Bonds of state of Washington and its agencies.
32.20.060 - Bonds of other states.
32.20.070 - Bonds and warrants of counties, municipalities, etc., of Washington.
32.20.080 - Municipal bonds in adjoining state.
32.20.090 - Housing and industrial development bonds and municipal obligations in any state.
32.20.100 - Revenue bonds of certain cities in any state.
32.20.110 - District bonds secured by taxing power.
32.20.120 - Local improvement district bonds.
32.20.130 - Bonds of irrigation, diking, drainage districts.
32.20.210 - Obligations of International Bank for Reconstruction and Development.
32.20.215 - Obligations issued or guaranteed by Inter-American Development Bank.
32.20.217 - Obligations of Asian Development Bank.
32.20.220 - Bankers' acceptances, bills of exchange, and commercial paper.
32.20.230 - Notes secured by investments.
32.20.240 - Notes secured by pledge or assignment of account.
32.20.253 - Loans secured by real estate, mobile homes, movable buildings.
32.20.265 - Valuation of property to be mortgaged—Appraiser's opinion.
32.20.280 - Investments in real estate.
32.20.285 - Investments through purchase of real estate—Improvements.
32.20.300 - Home loan bank as depositary.
32.20.310 - Deposit of securities.
32.20.320 - Investment of funds.
32.20.330 - Investments—Loans, preferred stock, or interest-bearing obligations—Restrictions.
32.20.335 - Investments—Qualified thrift investments.
32.20.340 - Stock or bonds of federal home loan bank.
32.20.350 - Stock of federal reserve bank or Federal Deposit Insurance Corporation.
32.20.370 - Corporate bonds and other interest-bearing or discounted obligations.
32.20.380 - Stocks, securities, of corporations not otherwise eligible for investment.
32.20.410 - Limitation of total investment in certain obligations.
32.20.415 - Limitation on certain secured and unsecured loans.
32.20.430 - Loans to banks or trust companies.
32.20.440 - Purchase of United States securities from banks or trust companies.
32.20.445 - Stock, other securities, and obligations of federally insured institutions.
32.20.450 - Low-cost housing—Legislative finding.
32.20.460 - Low-cost housing—Factory built housing—Mobile homes.
32.20.470 - Improvement of private land for public parks and recreation areas.