RCW 36.69.390
Payment of bonds—Covenants—Enforcement.
The board of park and recreation commissioners may provide covenants as it may deem necessary to secure the payment of the principal of and interest on such bonds and may, but shall not be required to, include covenants to create a reserve fund or account and to authorize the payment or deposit of certain moneys therein for the purpose of securing the payment of such principal and interest; to establish, maintain, and collect rates, charges, fees, rentals, and the like on the facilities and service the income of which is pledged for the payment of such bonds, sufficient to pay or secure the payment of such principal and interest and to maintain an adequate coverage over annual debt service; and to make any and all other covenants not inconsistent with the provisions of this chapter which will increase the marketability of such bonds. The board may also provide that revenue bonds payable out of the same source or sources may later be sold on a parity with any revenue bonds being issued and sold. The provisions of this chapter and any resolution or resolutions providing for the authorization, issuance, and sale of such bonds shall constitute a contract with the owner of such bonds, and the provisions thereof shall be enforceable by any owner of such bonds by mandamus or any appropriate suit, action or proceeding at law or in equity in any court of competent jurisdiction.
[ 1983 c 167 § 88; 1972 ex.s. c 94 § 7.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Structure Revised Code of Washington
Chapter 36.69 - Park and Recreation Districts.
36.69.010 - Park and recreation districts authorized—"Recreational facilities" defined.
36.69.020 - Formation of district by petition—Procedure.
36.69.030 - Area which may be included—Resolution of governing body of city or town.
36.69.040 - Hearing on petition—Notice.
36.69.050 - Boundaries—Name—Inclusion, exclusion of lands.
36.69.065 - Election for formation—Inclusion of proposition for tax levy or issuance of bonds.
36.69.070 - Elections—Procedures—Terms.
36.69.090 - Commissioners—Terms—Election procedures.
36.69.100 - Commissioners—Vacancies.
36.69.110 - Commissioners—Compensation, expenses.
36.69.120 - Commissioners—Duties.
36.69.130 - Powers of districts.
36.69.140 - Excess levies authorized—Bonds—Interest bearing warrants.
36.69.145 - Six-year regular property tax levies—Limitations—Election.
36.69.147 - Community revitalization financing—Public improvements.
36.69.150 - District treasurer—Warrants—Vouchers.
36.69.180 - Violation of rules—Penalty.
36.69.190 - Additional area may be added to district.
36.69.200 - L.I.D.'s—Authorization—Assessments, warrants, bonds—County treasurer's duties.
36.69.210 - L.I.D.'s—Initiation by resolution or petition.
36.69.220 - L.I.D.'s—Procedure when by resolution.
36.69.240 - L.I.D.'s—Notice—Contents.
36.69.245 - L.I.D.'s—Notice must contain statement that assessments may vary from estimates.
36.69.250 - L.I.D.'s—Public hearing—Inclusion, exclusion of property.
36.69.260 - L.I.D.'s—Protests—Procedure—Jurisdiction of board.
36.69.270 - L.I.D.'s—Powers and duties of board upon formation.
36.69.280 - L.I.D.'s—Assessment roll—Procedure for approval—Objections.
36.69.290 - L.I.D.'s—Segregation of assessments—Power of board.
36.69.300 - L.I.D.'s—Segregation of assessments—Procedure—Fee, charges.
36.69.315 - Withdrawal or reannexation from a park and recreation district—Authority—Procedure.
36.69.350 - Board authorized to contract indebtedness and issue revenue bonds.
36.69.360 - Revenue bonds—Authorized purposes.
36.69.370 - Revenue bonds—Issuance, form, seal, etc.
36.69.380 - Resolution to authorize bonds—Contents.
36.69.390 - Payment of bonds—Covenants—Enforcement.
36.69.400 - Funding, refunding bonds.
36.69.410 - Authority for issuance of bonds—Construction.
36.69.420 - Joint park and recreation district—Authorization.
36.69.430 - Joint park and recreation district—Formation—Petition.
36.69.440 - Joint park and recreation district—Formation—Hearing—Boundaries—Election.
36.69.450 - Joint park and recreation district—Duties of county officers.
36.69.460 - Joint park and recreation district—Population determinations.
36.69.500 - Community athletics programs—Sex discrimination prohibited.