RCW 87.53.020
Bondholders' consent necessary—Offer to buy district property.
The acknowledged uniform written consent of one hundred percent of the holders of bonds may provide for cancellation of part of the bonds and for the manner and terms of payment of the balance. The bondholders may also make a firm offer for all property and rights of the district, except property in the district sold for taxes and district assessments, to be paid for by turning over for cancellation an appropriate amount in bonds with accrued interest.
[ 1951 c 237 § 2.]
Structure Revised Code of Washington
Chapter 87.53 - Dissolution of Districts With Bonds.
87.53.001 - Actions subject to review by boundary review board.
87.53.010 - Dissolution authorized—Consent of bondholders recorded.
87.53.020 - Bondholders' consent necessary—Offer to buy district property.
87.53.030 - Petition for dissolution.
87.53.040 - Election to be called.
87.53.050 - Manner of calling, noticing, conducting election—Ballot—Qualification of electors.
87.53.060 - Election returns, effect—Records to auditor.
87.53.070 - Transcript of proceedings—Financial statement.
87.53.080 - Proceedings docketed in court—Notice to file claims—Claims barred, when.
87.53.090 - Determination of claims—Court order—Appeal.
87.53.100 - Trustee—Appointment—Compensation—Bond.
87.53.110 - Sale of district assets.
87.53.120 - Report of sale—Rights of purchasers.
87.53.130 - Order of dissolution—Effect.