RCW 35.55.140
Local improvement bonds and warrants—Sale to pay damages, preliminary financing.
The city council may negotiate sufficient warrants or bonds against any local improvement district at a price not less than ninety-five percent of their par value to raise sufficient money to pay any and all compensation which may be awarded for property damaged or taken in the eminent domain proceedings including the costs of such proceedings. In lieu of so doing, the city council may negotiate current or general expense fund warrants at par to raise funds for the payment of such compensation and expenses in the first instance, but in that event the current or general expense fund shall be reimbursed out of the first moneys collected in any such local assessment district or realized from the negotiation or sale of local improvement warrants or bonds.
[ 1965 c 7 § 35.55.140. Prior: 1909 c 147 § 11; RRS § 9442.]
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.