Statutes > Washington Statutes > Title 35 - Cities and towns > 35.89 - Water redemption bonds. > 35.89.040 - Water redemption fund -- Creation.

35.89.040 - Water redemption fund -- Creation.

Water redemption fund — Creation.

The city or town council before issuing water redemption bonds shall by ordinance establish a fund for the payment of the bonds at maturity and of interest thereon as it matures to be designated the water redemption fund.

[1965 c 7 § 35.89.040. Prior: 1923 c 52 § 4; RRS § 9154-4.]