RCW 89.30.430
100 words·~1 min read·
/wa/title-89/chapter-89-30/89-30-430·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds payable from such special fund shall not be an obligation of the reclamation district and they shall state on their face that they are payable solely from a special fund derived from a certain fixed proportion (naming it) of the gross income derived by the district from the sale, rent or lease of water or power, as the case may be, and such fixed proportion of such gross income shall be irrevocably devoted to the payment of such bonds until the same are fully paid.
[ 1927 c 254 s 144 ; RRS s 7402-144. Formerly RCW 89.26.260 .]