Revised Code of Washington
Chapter 53.34 - Toll Facilities.
53.34.130 - Bonds, notes, obligations not state or district debt—No ad valorem taxes.

RCW 53.34.130
Bonds, notes, obligations not state or district debt—No ad valorem taxes.

The revenue bonds, revenue notes, and any other obligations of a district issued under the authority of this chapter shall not be a debt of the state of Washington or of any political subdivision of this state, nor shall such obligations be considered indebtedness of the port district issuing same within any constitutional, statutory, or other limitation of indebtedness, and neither the state nor any political subdivision thereof, including the port district issuing such revenue bonds or notes, shall ever become obligated to levy ad valorem taxes on any taxable property within the state for the payment of such revenue bonds and notes, but such revenue bonds and notes shall be payable solely from and shall be a charge only upon the revenues and other funds of the project or projects pledged to the payment thereof by the proceedings authorizing the issuance of such bonds and notes.

[ 1959 c 236 § 13.]

Structure Revised Code of Washington

Revised Code of Washington

Title 53 - Port Districts

Chapter 53.34 - Toll Facilities.

53.34.010 - Toll bridges, tunnels authorized—Highway approaches—Tolls proposed.

53.34.020 - Contracts for use of projects—Regulations—Controversies.

53.34.030 - Revenue bonds and notes—Authorized—Purposes—Sale, maturity, cost.

53.34.040 - Revenue bonds and notes—Resolution—Security—Form, interest, payment, etc.

53.34.050 - Covenants to safeguard and secure bonds and notes.

53.34.060 - Notes.

53.34.070 - Bonds and notes payable solely from revenues, etc.—Adequate rates and charges to be established.

53.34.080 - Special funds and accounts—Disposition.

53.34.090 - Pledge of moneys, when binding—When lien attaches.

53.34.100 - No personal liability on bonds or notes.

53.34.110 - District may purchase bonds or notes.

53.34.120 - State not to limit or alter rights of district or impair rights or remedies of bond or note holders.

53.34.130 - Bonds, notes, obligations not state or district debt—No ad valorem taxes.

53.34.140 - Registration of bonds and notes—Prima facie validity.

53.34.150 - Bonds and notes as legal investment and security.

53.34.160 - Projects declared public benefit and governmental function—Covenant by state with bond and note holders—Tax exemption.

53.34.170 - District's power to acquire property, rights, etc.—Gifts—Condemnation—Contracts by public agencies authorized.

53.34.180 - Public agencies authorized to contract with district for contribution of money, property, services, etc.

53.34.190 - Bylaws, rules for management, uses, charges—Penalty for violation.

53.34.200 - Actions for damages, injuries, death—Allegation in complaint of presentment of claim.

53.34.220 - Chapter supplemental to other laws—Liberal construction.

53.34.910 - Chapter controls inconsistent acts.