Defaulted bonds, interest coupons and warrants against local improvement funds shall be purchased out of the guaranty fund, and as between the several issues of bonds, coupons, or warrants no preference shall exist, but they shall be purchased in the order of their presentation.
RCW 35.54.070
Use of fund—Purchase of bonds, coupons and warrants.
Applied in 1 court decision — leading case 70 Wash. 2d 475 - Berglund v. City of Tacoma (1967)
Most recently applied in 70 Wash. 2d 475 - Berglund v. City of Tacoma (February 1967)
1965 c 7 s 35.54.070
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.