RCW 53.40.125
District may mortgage industrial development facility.
The port commission of any port district, as security for the payment of the principal of and interest on any revenue bonds issued and any agreements made in connection therewith, may mortgage, pledge, or otherwise encumber the particular industrial development facility or facilities or any part or parts thereof that are being financed by the revenue bonds, whether then owned or thereafter acquired, and may assign any mortgage and repledge any security conveyed to the port district for that particular facility or facilities.
[ 1987 c 289 § 1.]
Structure Revised Code of Washington
Chapter 53.40 - Revenue Bonds and Warrants.
53.40.010 - Revenue bonds authorized.
53.40.020 - Purposes for which bonds may be issued and sold.
53.40.030 - Bonds—Term, form, etc.
53.40.040 - Bonds payable solely out of revenues—Special funds.
53.40.050 - Sale of bonds to federal government.
53.40.110 - Interest, signatures, sale of bonds—Covenants—Safeguards—Enforcement.
53.40.120 - Irregularity in bonds or use of funds no defense.
53.40.125 - District may mortgage industrial development facility.
53.40.130 - Funding, refunding bonds.