Washington Code 89.30.568 – Negotiable bonds of general improvement or divisional district — Bonds paramount lien on moneys in fund
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Bonds issued for or in behalf of any general improvement district or any divisional district under the provisions of this chapter, shall constitute a lien upon the moneys in any fund set apart for their payment paramount and superior to that of any other obligation of whatsoever nature against said fund except that of a prior bond issue payable from said fund.
[ 1927 c 254 § 190; RRS § 7402-190. Formerly RCW 89.26.570.]
Terms Used In Washington Code 89.30.568
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.