RCW 87.22.270
Excess in bond fund—Apportionment.
When the money in the refunding bond fund reaches an excess of ten percent of the amount necessary to meet the total aggregate minimum annual installment of the principal of said bonds and interest next payable, it shall be the duty of said treasurer to apportion said excess to the several bondholders on a pro rata basis in proportion to the par value of their respective bonds and include the same with the payments of the next annual installment of the principal of said bonds.
[ 1929 c 120 § 36; RRS § 7530-36.]
Structure Revised Code of Washington
Chapter 87.22 - Refunding Bonds—1929 Act.
87.22.010 - Refunding authorized.
87.22.020 - When proceedings may be instituted.
87.22.030 - Petition—Contents.
87.22.040 - Schedule of maximum benefits.
87.22.050 - Hearing, time and place of.
87.22.080 - Benefits, how determined—Dismissal—Continuance—Waiver.
87.22.085 - Irrigable acreage, how determined.
87.22.100 - Final judgment conclusive.
87.22.105 - Final judgment conclusive—Exception.
87.22.110 - Transcript to other counties.
87.22.120 - Election—Question to electors.
87.22.125 - Election—Procedure.
87.22.130 - Election—Notice, contents.
87.22.140 - Election—Majority vote affirmative, procedure.
87.22.145 - Exchange of bonds.
87.22.150 - Form of bonds—Manner of payment—Interest rate.
87.22.160 - Interest on unpaid bond installments—When payable.
87.22.165 - Bond payments, where payable.
87.22.170 - Bond contents—Transferability—Priority.
87.22.175 - Bonds—Signature—Registration book.
87.22.190 - Transfer on registration book required.
87.22.200 - Bonds of equal priority.
87.22.210 - Payment to record owner.
87.22.230 - Assessments—Limitations.
87.22.240 - Assessments—Methods of payment.
87.22.245 - Assessments—Receipts.
87.22.250 - Assessments—Payment in money only.
87.22.260 - Sale or lease of foreclosed land—Disposition of proceeds.
87.22.270 - Excess in bond fund—Apportionment.
87.22.275 - Rights of bond owners—Lien of bonds—Manner of payment.