Full text of Washington Revised Code of Washington § 35.45.030 — Bonds — Form — Content., with citation guidance and answers to common questions.
§ 35.45.030. Bonds — Form — Content.
(1) Local improvement bonds shall be in such denominations as may be provided in the ordinance authorizing their issue and shall be numbered from one upwards consecutively. Each bond shall (a) be signed by the mayor and attested by the clerk, (b) have the seal of the city or town affixed thereto, (c) refer to the improvement to pay for which it is issued and the ordinance ordering it, (d) provide that the principal sum therein named and the interest thereon shall be payable out of the local improvement fund created for the cost and expense of the improvement and out of the local improvement guaranty fund, unless the ordinance under which it was issued provides that the bonds shall not be secured by the local improvement guaranty fund; and out of a reserve fund, if one is established for such bonds pursuant to RCW
35.51.040; or, with respect to interest only, shall be payable out of the general revenues of the city or town, but only if pledged to the payment of such interest pursuant to RCW
35.45.065, and not otherwise, (e) provide that the bond owners' remedy in case of nonpayment shall be confined to the enforcement of the special assessments made for the improvement and to the guaranty fund and reserve fund, as applicable, and (f) be in any form, including bearer bonds or registered bonds as provided in RCW
39.46.030.
Any interest coupons may be signed by the mayor and attested by the clerk, or in lieu thereof, may have printed thereon a facsimile of their signatures.
(2) Notwithstanding subsection (1) of this section, but subject to RCW
35.45.010, such bonds may be issued and sold in accordance with chapter
39.46 RCW.
[
2002 c 41 s 1;
1983 c 167 s 41;
1967 ex.s. c 44 s 1;
1965 c 7 s 35.45.030. Prior: (i) 1917 c 139 s 1, part; 1915 c 168 s 4, part; 1911 c 98 s 47, part;
1899 c 124 s 2; RRS s 9400, part. (ii) 1927 c 209 s 5, part; 1925 ex.s. c 183 s 5, part; 1923 c 141 s 5, part; RRS s 9351-5, part. (iii) 1911 c 98 s 52, part; RRS s 9405, part.]
Notes
Liberal construction—Severability—1983 c 167: See RCW
39.46.010 and note following.
Frequently Asked Questions About Washington § 35.45.030
What does Revised Code of Washington § 35.45.030 cover?
Section 35.45.030 ("Bonds — Form — Content.") 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 § 35.45.030?
A common citation format is "Revised Code of Washington § 35.45.030" (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 § 35.45.030 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.
