RCW 35.54.070
Use of fund—Purchase of bonds, coupons and warrants.
Defaulted bonds, interest coupons and warrants against local improvement funds shall be purchased out of the guaranty fund, and as between the several issues of bonds, coupons, or warrants no preference shall exist, but they shall be purchased in the order of their presentation.
[ 1965 c 7 § 35.54.070. Prior: 1933 c 109 § 1, part; 1927 c 209 § 3, part; 1925 ex.s. c 183 § 3, part; 1923 c 141 § 3, part; RRS § 9351-3, part.]
Structure Revised Code of Washington
Chapter 35.54 - Local Improvements—Guaranty Funds.
35.54.020 - Rules and regulations.
35.54.030 - Source—Interest and earnings.
35.54.040 - Source—Subrogation rights to assessments.
35.54.050 - Source—Surplus from improvement funds.
35.54.070 - Use of fund—Purchase of bonds, coupons and warrants.
35.54.090 - Warrants against fund.
35.54.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.