87.28.015 - Interest bearing warrants authorized -- Form, covenants, issuance and sale.

Interest bearing warrants authorized — Form, covenants, issuance and sale.

Irrigation districts may also issue interest bearing warrants to provide interim financing pending the issuance of district revenue bonds. The items, form and content, and the manner of the issuance and sale of such interest bearing warrants as well as any covenants for the redemption of such warrants shall be established by resolution of the district's board of directors. Such warrants may be in any form, including bearer warrants or registered warrants as provided in RCW 39.46.030. Such warrants may be issued and sold in accordance with chapter 39.46 RCW.

[1983 c 167 § 236; 1979 ex.s. c 185 § 18.]

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.