43.331.030 - Bonds -- Pledge and promise -- Remedies.

Bonds — Pledge and promise — Remedies. (Effective December 2, 2010, if Referendum Bill No. 52 is approved by the voters at the November general election.)

(1) Bonds issued under this section and RCW 43.331.010 and 43.331.020 must state that they are a general obligation of the state of Washington, must pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and must contain an unconditional promise to pay the principal and interest as the same shall become due.

     (2) The owner and holder of each of the bonds or the trustee for the owner and holder of any of the bonds may by mandamus or other appropriate proceeding require the transfer and payment of funds as directed in this section.

[2010 1st sp.s. c 35 § 203.]

Notes: Intent -- Short title -- Contingent effective date -- 2010 1st sp.s. c 35: See notes following RCW 43.331.010.

Intent -- 2010 1st sp.s. c 35: See note following RCW 43.331.040.