Revised Code of Washington
Chapter 35.92 - Municipal Utilities.
35.92.150 - Funding or refunding bonds—Terms of bonds.

RCW 35.92.150
Funding or refunding bonds—Terms of bonds.

(1) Such funding or refunding bonds, together with the interest thereon, issued against the special fund shall be a valid claim of the owner thereof only as against such fund, and the amount of the revenue of the utility pledged thereto, and shall not constitute an indebtedness of the city or town within the meaning of constitutional or statutory provisions and limitations. They shall be sold in such manner as the corporate authorities shall deem for the best interest of the municipality. The effective rate of interest on the bonds shall not exceed the effective rate of interest on warrants or bonds to be funded or refunded thereby. Interest on the bonds shall be paid semiannually. The bonds shall be executed in such manner and payable at such time and place as the legislative authority shall by ordinance determine. Nothing in this chapter shall prevent a city or town from funding or refunding any of its indebtedness in any other manner provided by law. Such bonds may be of any form, including bearer bonds or registered bonds as provided in RCW 39.46.030.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.

[ 1983 c 167 § 69; 1965 c 7 § 35.92.150. Prior: 1935 c 81 § 4, part; RRS § 9492-4, part. Formerly RCW 80.40.150.]
NOTES:

Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.

<< Previous
Next >>

Structure Revised Code of Washington

Revised Code of Washington

Title 35 - Cities and Towns

Chapter 35.92 - Municipal Utilities.

35.92.010 - Authority to acquire and operate waterworks—Generation of electricity—Classification of services for rates.

35.92.012 - May accept and operate water-sewer district's property when boundaries are identical.

35.92.014 - Acquisition of out-of-state waterworks.

35.92.015 - Acquisition of out-of-state waterworks—Joint acquisition and operation.

35.92.017 - Authority to assist customers in the acquisition of water conservation equipment—Limitations.

35.92.020 - Authority to acquire and operate sewerage and solid waste handling systems, plants, sites, or facilities—Classification of services and facilities for rates—Assistance for low-income persons.

35.92.021 - Public property subject to rates and charges for stormwater control facilities.

35.92.023 - Solid waste—Compliance with chapter 70A.205 RCW required.

35.92.025 - Authority to make charges for connecting to water or sewerage system—Interest charges.

35.92.027 - Extension of water and sewer facilities outside city subject to review by boundary review board.

35.92.030 - Authority to acquire and operate stone or asphalt plants.

35.92.040 - Authority to acquire and operate public markets and cold storage plants—"Public markets" defined.

35.92.050 - Authority to acquire and operate utilities.

35.92.052 - First-class cities operating electrical facilities—Participation in agreements to use or own high voltage transmission facilities and other electrical generating facilities—Terms—Limitations.

35.92.054 - May acquire electrical distribution property from public utility district.

35.92.060 - Authority to acquire and operate transportation facilities.

35.92.070 - Procedure—Election.

35.92.075 - Indebtedness incurred on credit of expected utility revenues.

35.92.080 - General obligation bonds.

35.92.090 - Limit of indebtedness.

35.92.100 - Revenue bonds or warrants.

35.92.105 - Revenue bonds, warrants, or other evidences of indebtedness for energy or water conservation programs.

35.92.110 - Funding or refunding bonds.

35.92.120 - Funding or refunding bonds—Bonds not general obligation.

35.92.130 - Funding or refunding bonds—Single issue may refund multiple series.

35.92.140 - Funding or refunding bonds—Issuance of bonds—Ordinance.

35.92.150 - Funding or refunding bonds—Terms of bonds.

35.92.160 - Funding or refunding bonds—Recourse of bond owners.

35.92.170 - City may extend water system outside limits.

35.92.180 - City may extend water system outside limits—May acquire property outside city.

35.92.190 - City may extend water system outside limits—Cannot condemn irrigation system.

35.92.200 - City may extend water system outside limits—Contracts for outside service.

35.92.220 - Acquisition of water rights—Consolidation of irrigation assessment districts.

35.92.230 - Acquisition of water rights—Special assessments.

35.92.240 - Acquisition of water rights—Levy of assessments.

35.92.250 - Acquisition of water rights—District property need not be contiguous.

35.92.260 - Acquisition of water rights—Mode of assessment.

35.92.263 - Acquisition of water rights—Water rights acquired by purchase of shares in water users' association or corporation—Authority to acquire and hold shares.

35.92.265 - Acquisition of water rights—Existing local improvement districts validated—Debts, obligations, assessments, etc., declared legal and valid.

35.92.270 - Passenger transportation systems—Authority to make studies—Contracts with and acquisition of privately owned systems.

35.92.275 - Assumption of obligations of private pension plan when urban transportation system acquired.

35.92.280 - Cities over one hundred fifty thousand, joint undertaking with P.U.D. as to electric utility properties—"Electric utility properties" defined.

35.92.290 - Cities over one hundred fifty thousand, joint undertaking with P.U.D. as to electric utility properties—Agreements.

35.92.300 - Cities over one hundred fifty thousand, joint undertaking with P.U.D. as to electric utility properties—Financing.

35.92.310 - Cities over one hundred fifty thousand, joint undertaking with P.U.D. as to electric utility properties—Authority granted is additional power.

35.92.350 - Electrical construction or improvement—Bid proposals—Contract proposal forms—Conditions for issuance—Refusal—Appeal.

35.92.355 - Energy conservation—Legislative findings—Tree plantings.

35.92.360 - Energy conservation plan—Financing authorized for energy conservation projects in structures or equipment—Limitations.

35.92.365 - Tariff for irrigation pumping service—Authority to buy back electricity.

35.92.370 - Lease of real property under electrical transmission lines for private gardening purposes.

35.92.380 - Waiver or delay of collection of tap-in charges, connection or hookup fees for low income persons.

35.92.390 - Municipal utilities encouraged to provide customers with landscaping information and to request voluntary donations for urban forestry.

35.92.395 - Voluntary donations for purpose of supporting hunger programs.

35.92.400 - Provision of water services and facilities—Contract with Canadian corporation.

35.92.410 - Provision of sewer services and facilities—Contract with Canadian corporation.

35.92.420 - Purchase of electric power and energy from joint operating agency.

35.92.430 - Environmental mitigation activities.

35.92.440 - Production and distribution of biodiesel, ethanol, and ethanol blend fuels—Crop purchase contracts for dedicated energy crops.

35.92.450 - Electrification of transportation plan—Considerations—Incentive programs.

35.92.460 - Utility fee or tax—Disclosure.