Washington § 35.56.130 - Local improvement bonds — Terms.

Full text of Washington Revised Code of Washington § 35.56.130 — Local improvement bonds — Terms., with citation guidance and answers to common questions.

§ 35.56.130. Local improvement bonds — Terms.

The city council or commission shall have full authority to provide for the issuance of such bonds against the improvement district fund in such denominations as the city council or commission may provide, which shall bear such rate of interest as the city council or commission may fix. Interest shall be paid annually and the bonds shall become due and payable at such time, not exceeding fifteen years from the date thereof, as may be fixed by the said council or commission and shall be payable out of the assessment district funds.
If so ordered by the council or commission, the bonds may be issued in such a way that different numbers of the bonds may become due and payable at different intervals of time, or they may be so issued that all of the bonds against said district mature together. The city may reserve the right to call or mature any bond on any interest paying date when sufficient funds are on hand for its redemption; but bonds shall be called in numerical order.
[ 1981 c 156 s 8; 1965 c 7 s 35.56.130. Prior: 1913 c 16 s 10, part; RRS s 9458, part.]

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Frequently Asked Questions About Washington § 35.56.130

What does Revised Code of Washington § 35.56.130 cover?

Section 35.56.130 ("Local improvement bonds — Terms.") 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 § 35.56.130?

A common citation format is "Revised Code of Washington § 35.56.130" (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 § 35.56.130 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.

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