RCW 87.28.040
Bonds do not constitute general debt of district.
Any such bonds, and interest thereon, issued against a special fund as herein provided shall be a valid claim of the owner thereof only as against said special fund or funds and its fixed proportion or amount of the revenue pledged to such fund or funds and shall not constitute a general indebtedness against the issuing irrigation district. Each such bond shall state upon its face that it is payable from a special fund or funds only, naming the special fund or funds and the resolution creating the fund or funds.
[ 1983 c 167 § 238; 1979 ex.s. c 185 § 12; 1949 c 57 § 5; Rem. Supp. 1949 § 7434-13a.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Effective date—Severability—1979 ex.s. c 185: See notes following RCW 87.03.013.
Structure Revised Code of Washington
Chapter 87.28 - Revenue Bonds for Water, Power, Drains, Etc.
87.28.005 - "County treasurer," "treasurer of the county," defined.
87.28.010 - Revenue bonds authorized.
87.28.015 - Interest bearing warrants authorized—Form, covenants, issuance and sale.
87.28.020 - Form and terms of bonds.
87.28.030 - Bonds payable only from special funds—Lien on revenues.
87.28.035 - Determining amount payable into special funds.
87.28.040 - Bonds do not constitute general debt of district.
87.28.090 - Board to set rates to provide necessary revenues.
87.28.100 - Fixed share of revenues must be paid into special fund.
87.28.103 - Election on proposed bond issue—Exception.
87.28.108 - Payment of bonds—Covenants for securing authorized—Scope.
87.28.120 - Objects executed by resolution—Determining legality of proceedings.
87.28.150 - Refunding revenue bonds authorized—Revenue bond redemption fund established—Use.
87.28.200 - Utility local improvement districts—Authorized—Special assessments—Limitations.
87.28.210 - Utility local improvement districts—Conversion of local improvement districts to.