Full text of Washington Revised Code of Washington § 87.28.020 — Form and terms of bonds., with citation guidance and answers to common questions.
§ 87.28.020. Form and terms of bonds.
(1) Said bonds shall be in such form as the board of directors shall determine; shall be in bearer form or registered as to principal or interest or both as provided in RCW
39.46.030, and may provide for conversion between registered and coupon bonds; shall be in such denominations, shall be numbered, shall bear such date and shall be payable at such time or times up to a maximum of not to exceed forty years as shall be determined by the board of directors; shall bear interest at such rate or rates, payable at such time or times as authorized by the board of directors; shall be payable at the office of the county treasurer of the county in which the principal office of the district is located or at such other place as the board of directors shall provide and specify in the bonds; shall be executed by the president of the board of directors and attested and sealed by the secretary thereof and may have facsimile signatures of the president and secretary imprinted on any interest coupons in lieu of original signatures and the facsimile seal of the district and the facsimile signature of either the president or the secretary on the bonds in lieu of a manual signature. Said bonds may provide that the same or any part thereof at the option of the board of directors may be redeemed in advance of maturity on any interest payment date upon the terms and conditions established by the board, may include in the amount of the issue funds for the purpose of paying interest on the bonds during the period of construction of the facility being financed by the proceeds of the bonds, and may include in the amount of the issue funds for the purpose of establishing, maintaining, or increasing reserves in the manner, for the purposes, and subject to the restrictions set forth in RCW
39.44.140.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter
39.46 RCW.
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.
Purpose—1970 ex.s. c 56: See note following RCW
39.52.020.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW
39.52.020.
Source: official Washington text · Last verified 2026-08-27
Frequently Asked Questions About Washington § 87.28.020
What does Revised Code of Washington § 87.28.020 cover?
Section 87.28.020 ("Form and terms of bonds.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Washington § 87.28.020?
A common citation format is "Revised Code of Washington § 87.28.020" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Washington law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.
How does Washington § 87.28.020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Washington.
