RCW 35.55.120
Local improvement bonds—Terms.
The city council shall have full authority to provide for the issuance of bonds against the improvement district fund in such denominations as the city council may provide which shall bear such rate of interest as the city council may fix. Interest shall be paid annually and the bonds shall become due and payable at such time, not exceeding ten years from the date thereof, as may be fixed by the council and shall be payable out of the local assessment district fund.
If so ordered by the council, the bonds may be issued in such a way that different numbers of the bonds may become due and payable at different intervals of time, or they may be so issued that all of the bonds against said district mature together.
[ 1981 c 156 § 5; 1965 c 7 § 35.55.120. Prior: 1909 c 147 § 10, part; RRS § 9441, part.]
Structure Revised Code of Washington
Chapter 35.55 - Local Improvements—Filling Lowlands.
35.55.010 - Authority—Second-class cities.
35.55.020 - Alternative methods of financing.
35.55.030 - Boundaries—Excepted property.
35.55.040 - Damages—Eminent domain.
35.55.050 - Estimates—Plans and specifications.
35.55.060 - Assessment roll—Items—Assessment units—Installments.
35.55.070 - Hearing on assessment roll—Notice—Council's authority.
35.55.080 - Hearings—Appellate review.
35.55.090 - Lien—Collection of assessments.
35.55.100 - Interest on assessments.
35.55.110 - Payment of cost of improvement—Interest on warrants.
35.55.120 - Local improvement bonds—Terms.
35.55.130 - Local improvement bonds—Guaranties.
35.55.140 - Local improvement bonds and warrants—Sale to pay damages, preliminary financing.
35.55.150 - Local improvement fund—Investment.
35.55.160 - Letting contract for improvement—Excess or deficiency of fund.