reglab/housing_qa huggingface dataset:
WA Rev Code § 35.36.060 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.36 - Execution of Bonds by Proxy—First-Class Cities.|35.36.060 - Notice to council.

RCW 35.36.060 Notice to council.In order to designate a proxy to affix his or her signature to bonds, a mayor, comptroller, or clerk shall address a written notice to the governing body of the city giving the name of the person whom he or she has selected therefor and stating generally or specifically what bonds are to be so signed.Attached to or included in the notice shall be a written signature of the officer making the designation executed by the proposed proxy followed by the word "by" and his or her own signature; or, if the notice so states, the specimen signatures may consist of a facsimile reproduction of the officer's signature impressed by some mechanical process followed by the word "by" and the proxy's own signature.If the authority is intended to include the signature upon bonds bearing an earlier date than the effective date of the notice, the prior dated bonds must be specifically described by reasonable reference thereto.The notice designating a proxy shall be filed with the city comptroller or city clerk, together with the specimen signatures attached thereto and a record of the filing shall be made in the journal of the governing body. This record shall note the date and hour of filing and may be made by the official who keeps the journal at any time after filing of the notice, even during a period of recess or adjournment of the governing body. The notice shall be effective from the time of its recording.[ 2009 c 549 § 2073; 1965 c 7 § 35.36.060. Prior: 1929 c 212 § 2, part; RRS § 9005-6, part.]
WA Rev Code § 35.36.070 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.36 - Execution of Bonds by Proxy—First-Class Cities.|35.36.070 - Revocation of proxy.

RCW 35.36.070 Revocation of proxy.Any designation of a proxy may be revoked by written notice addressed to the governing body of the city signed by the officer who made the designation and filed and recorded in the same manner as the notice of designation. It shall be effective from the time of its recording but shall not affect the validity of any signature theretofore made.[ 1965 c 7 § 35.36.070. Prior: 1929 c 212 § 2, part; RRS § 9005-6, part.]
WA Rev Code § 35.37.010 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.010 - Accounting—Funds.

RCW 35.37.010 Accounting—Funds.Every city and town having less than twenty thousand inhabitants shall maintain a current expense fund out of which it must pay current expenses. It shall also maintain an "indebtedness fund," and if it has outstanding general indebtedness bonds, it must maintain a sinking fund therefor. If it maintains waterworks, lighting plant, cemetery, or other public works or institutions from which rent or other revenue is derived it must maintain a separate fund for each utility or institution. All moneys collected by such cities and towns from licenses shall be credited to the current expense fund.[ 1965 c 7 § 35.37.010. Prior: (i) 1897 c 84 § 1; RRS § 5635. (ii) 1897 c 84 § 2; RRS § 5636. (iii) 1897 c 84 § 9; RRS § 5643. (iv) 1897 c 84 § 10, part; RRS § 5644, part.]
WA Rev Code § 35.37.020 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.020 - Accounting—Surplus and deficit in utility accounts.

RCW 35.37.020 Accounting—Surplus and deficit in utility accounts.Any deficit for operation and maintenance of utilities and institutions owned and controlled by cities and towns having less than twenty thousand inhabitants, over and above the revenue therefrom, shall be paid out of the current expense fund. Any surplus in the waterworks fund, lighting fund, *cemetery fund, or other like funds at the end of the fiscal year shall be paid into the current expense fund except such part as the council by a finding entered into the record of the proceedings may conclude to be necessary for the purpose of:(1) Extending or repairing the particular utility or institution; or(2) Paying interest or principal of any indebtedness incurred in the construction or purchase of the particular utility or institution; or(3) Creating or adding to a sinking fund for the payment of any indebtedness incurred in the construction or purchase of the particular utility or institution.[ 1965 c 7 § 35.37.020. Prior: 1897 c 84 § 10, part; RRS § 5644, part.]NOTES:*Reviser's note: The "cemetery fund" was renamed the "cemetery account" by 2005 c 365 § 67.
WA Rev Code § 35.37.027 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.027 - Validation of preexisting obligations by former city.

RCW 35.37.027 Validation of preexisting obligations by former city.All elections for the validation of any debt created by any city or town which has since become consolidated with any other city or town shall be by ballot, and the vote shall be taken in the new consolidated city as constituted at the time of the election.[ 1965 c 7 § 35.37.027. Prior: 1897 c 84 § 12; RRS § 5646.]NOTES:Elections: Title 29A RCW.
WA Rev Code § 35.37.030 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.030 - Applicability of chapter.

RCW 35.37.030 Applicability of chapter.The provisions of the remainder of this chapter shall not be applied to cities of the first class nor to borrowing money and issuing bonds by any city or town for the purpose of supplying it with water, artificial light, or sewers if the works for supplying the water, artificial light, or sewers are to be owned and controlled by the city or town.[ 1965 c 7 § 35.37.030. Prior: (i) 1891 c 128 § 10; RRS § 9548. (ii) 1891 c 128 § 11; RRS § 9549.]
WA Rev Code § 35.37.040 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.040 - Authority to contract debts—Limits.

RCW 35.37.040 Authority to contract debts—Limits.Every city and town, may, without a vote of the people, contract indebtedness or borrow money for strictly municipal purposes on the credit of the city or town and issue negotiable bonds therefor in an amount which when added to its existing nonvoter approved indebtedness will not exceed the amount of indebtedness authorized by chapter 39.36 RCW, as now or hereafter amended, to be incurred without the assent of the voters.When bonds are issued under this section the ordinance providing therefor shall contain a statement showing the value of the taxable property in the city or town, as the term "value of the taxable property" is defined in RCW 39.36.015, together with the amount of the existing nonvoter approved and total indebtedness of the city or town, which indebtedness shall include the amount for which such bonds are issued.[ 1984 c 186 § 15; 1970 ex.s. c 42 § 12; 1965 c 7 § 35.37.040. Prior: (i) 1891 c 128 § 1; RRS § 9538. (ii) 1891 c 128 § 6, part; RRS § 9544, part.]NOTES:Purpose—1984 c 186: See note following RCW 39.46.110.Severability—Effective date—1970 ex.s. c 42: See notes following RCW 39.36.015.Limitations upon indebtedness: State Constitution Art. 7 § 2 (Amendments 55, 59), Art. 8 § 6 (Amendment 27), chapter 39.36 RCW, RCW 84.52.050.
WA Rev Code § 35.37.050 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.050 - Excess indebtedness—Authority to contract.

RCW 35.37.050 Excess indebtedness—Authority to contract.Every city and town may, when authorized by the voters of the city or town pursuant to Article VIII, section 6 of the state Constitution at an election held pursuant to RCW 39.36.050, contract indebtedness or borrow money for strictly municipal purposes on the credit of the city or town and issue negotiable bonds therefor in an amount which when added to its existing indebtedness will exceed the amount of indebtedness authorized by chapter 39.36 RCW, as now or hereafter amended, to be incurred without the assent of the voters but will not exceed the amounts of indebtedness authorized by chapter 39.36 RCW, as now or hereafter amended, to be incurred with the assent of the voters.[ 1984 c 186 § 16; 1965 c 7 § 35.37.050. Prior: (i) 1891 c 128 § 2; RRS § 9539. (ii) 1891 c 128 § 4, part; RRS § 9542, part.]NOTES:Purpose—1984 c 186: See note following RCW 39.46.110.Validation—1969 ex.s. c 191: "Any city or town, which has prior to the effective date of this act [April 25, 1969], submitted to the voters thereof for their ratification or rejection the proposition of incurring indebtedness by the issuance of negotiable bonds in an amount when added to its existing indebtedness will exceed the amount of indebtedness authorized to be incurred without the assent of the voters, but will not exceed the amount of indebtedness authorized by chapter 39.36 RCW, as now or hereafter amended, to be incurred with the assent of the voters, may incur such indebtedness and issue such bonds even though the amount of money desired to be borrowed and the amount of negotiable bonds to be issued therefor were stated in a resolution adopted by the city or town council submitting such proposition to the voters, instead of in an ordinance passed by such council, if all other requirements of law, including, but not limited to the other provisions of RCW 35.37.050 are complied with." [ 1969 ex.s. c 191 § 1.]
WA Rev Code § 35.37.090 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.090 - General indebtedness bonds—Issuance and sale.

RCW 35.37.090 General indebtedness bonds—Issuance and sale.All general indebtedness bonds shall be issued and sold in accordance with chapter 39.46 RCW.[ 1984 c 186 § 17; 1983 c 167 § 36; 1965 c 7 § 35.37.090. Prior: (i) 1891 c 128 § 5, part; RRS § 9543, part. (ii) 1891 c 128 § 6, part; RRS § 9544, part.]NOTES:Purpose—1984 c 186: See note following RCW 39.46.110.Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
WA Rev Code § 35.37.110 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.110 - General indebtedness bonds—Taxation to pay.

RCW 35.37.110 General indebtedness bonds—Taxation to pay.So long as any general indebtedness bonds are outstanding an amount sufficient to pay the interest upon them as it accrues shall be included in each annual levy for municipal purposes and a sufficient amount shall be included in each annual levy for payment of principal so that all bonds may be paid serially as they mature.[ 1965 c 7 § 35.37.110. Prior: 1891 c 128 § 8; RRS § 9546.]
WA Rev Code § 35.37.120 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.37 - Fiscal—Cities Under Twenty Thousand and Cities Other Than First Class—Bonds.|35.37.120 - General indebtedness bonds—Taxation—Failure to levy—Remedy.

RCW 35.37.120 General indebtedness bonds—Taxation—Failure to levy—Remedy.If the council of any city or town which has issued general indebtedness bonds fails to make any levy necessary to make principal or interest payments due on the bonds, the owner of any bond or interest payment which has been presented to the treasurer and payment thereof refused because of the failure to make a levy may file the bond together with any unpaid coupons with the county auditor, taking his or her receipt therefor.The county auditor shall register bonds so filed, and the county legislative authority at its next session at which it levies the annual county tax shall add to the city's or town's levy a sum sufficient to realize the amount of principal and interest past due and to become due prior to the next annual levy to be collected and held by the county treasurer and paid out only upon warrants drawn by the county auditor as the payments mature in favor of the owner of the bond as shown by the auditor's register. Similar levies shall be made in each succeeding year until the bonds and any coupons or interest payments are fully satisfied.This remedy is alternative and in addition to any other remedy which the owner of such a bond or coupon may have.[ 2009 c 549 § 2074; 1983 c 167 § 38; 1965 c 7 § 35.37.120. Prior: 1891 c 128 § 9; RRS § 9547.]NOTES:Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
WA Rev Code § 35.38.010 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.38 - Fiscal—Depositaries.|35.38.010 - Designation of depositaries.

RCW 35.38.010 Designation of depositaries.The treasurer in all cities and towns shall annually at the end of each fiscal year, or at such other times as may be deemed necessary, designate one or more financial institutions which are qualified public depositaries as set forth by the public deposit protection commission as depositary or depositaries for the moneys required to be kept by the treasurer.[ 1984 c 177 § 1; 1973 c 126 § 1; 1969 ex.s. c 193 § 22; 1965 c 7 § 35.38.010. Prior: 1905 c 103 § 1; RRS § 5568.]NOTES:Construction—Severability—1969 ex.s. c 193: See notes following RCW 39.58.010.Liability of treasurers and state treasurer, public deposits: RCW 39.58.140.Public depositaries, deposit and investment of public funds: Chapter 39.58 RCW.
WA Rev Code § 35.38.040 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.38 - Fiscal—Depositaries.|35.38.040 - Segregation of collateral.

RCW 35.38.040 Segregation of collateral.Before any such designation shall entitle the treasurer to make deposits in any financial institution, each financial institution so designated shall segregate eligible securities as collateral as provided by RCW 39.58.050 as now or hereafter amended.[ 1984 c 177 § 2; 1973 c 126 § 3; 1969 ex.s. c 193 § 25; 1967 c 132 § 6; 1965 c 7 § 35.38.040. Prior: 1945 c 240 § 2; 1935 c 45 § 3; 1931 c 87 § 5; 1909 c 40 § 1; 1907 c 22 § 2; Rem. Supp. 1945 § 5572.]NOTES:Construction—Severability—1969 ex.s. c 193: See notes following RCW 39.58.010.
WA Rev Code § 35.38.050 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.38 - Fiscal—Depositaries.|35.38.050 - Treasurer's official bond not affected.

RCW 35.38.050 Treasurer's official bond not affected.The foregoing provisions of this chapter shall in no way affect the duty of a city or town treasurer to give bond to the city or town for the faithful performance of his or her duties in such amount as may be fixed by the city or town council or other governing body by ordinance.[ 2009 c 549 § 2075; 1965 c 7 § 35.38.050. Prior: (i) 1905 c 103 § 3; RRS § 5570. (ii) 1907 c 22 § 3; RRS § 5573.]
WA Rev Code § 35.38.055 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.38 - Fiscal—Depositaries.|35.38.055 - City official as officer, employee, or stockholder of depositary.

RCW 35.38.055 City official as officer, employee, or stockholder of depositary.Whenever a financial institution is designated by the treasurer in accordance with the provisions of this chapter, as a depositary for funds to be kept by the treasurer of such city or town and such financial institution has filed and had approved a contract with such city or town and complied with chapter 39.58 RCW, such contract shall not be invalid by reason of any official of the city being also an officer, employee, or stockholder of such financial institution.[ 1984 c 177 § 3; 1965 c 7 § 35.38.055. Prior: 1955 c 81 § 1.]
WA Rev Code § 35.38.060 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.38 - Fiscal—Depositaries.|35.38.060 - Definition—"Financial institution."

RCW 35.38.060 Definition—"Financial institution.""Financial institution," as used in the foregoing provisions of this chapter, means a branch of a bank engaged in banking in this state in accordance with *RCW 30.04.300, and any state bank or trust company, national banking association, stock savings bank, mutual savings bank, or savings and loan association, which institution is located in this state and lawfully engaged in business.[ 1984 c 177 § 4; 1965 c 7 § 35.38.060. Prior: 1907 c 22 § 4; RRS § 5574.]NOTES:*Reviser's note: RCW 30.04.300 was recodified as RCW 30A.04.300 pursuant to 2014 c 37 § 4, effective January 5, 2015.
WA Rev Code § 35.39.030 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.030 - Excess or inactive funds—Investment.

RCW 35.39.030 Excess or inactive funds—Investment.Every city and town may invest any portion of the moneys in its inactive funds or in other funds in excess of current needs in:(1) United States bonds;(2) United States certificates of indebtedness;(3) Bonds or warrants of this state;(4) General obligation or utility revenue bonds or warrants of its own or of any other city or town in the state;(5) Its own bonds or warrants of a local improvement district which are within the protection of the local improvement guaranty fund law; and(6) In any other investments authorized by law for any other taxing districts.[ 1975 1st ex.s. c 11 § 1; 1969 ex.s. c 33 § 1; 1965 ex.s. c 46 § 1; 1965 c 7 § 35.39.030. Prior: 1943 c 92 § 1; Rem. Supp. 1943 § 5646-13.]NOTES:Effective date—1969 ex.s. c 33: "This 1969 amendatory act is necessary for the immediate preservation of the public peace, health and safety, the support of the state government and its existing political subdivisions; and shall take effect July 1, 1969." [ 1969 ex.s. c 33 § 4.] This applies to RCW 35.39.030 through 35.39.034.Construction—1965 c 7: See RCW 35.39.050.
WA Rev Code § 35.39.032 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.032 - Approval of legislative authority—Delegation of authority—Reports.

RCW 35.39.032 Approval of legislative authority—Delegation of authority—Reports.No investment shall be made without the approval of the legislative authority of the city or town expressed by ordinance: PROVIDED, That except as otherwise provided by law, the legislative authority may by ordinance authorize a city official or a committee composed of several city officials to determine the amount of money available in each fund for investment purposes and make the investments authorized as indicated in RCW 35.39.030 as now or hereafter amended and the provisions of RCW 35.39.034, without the consent of the legislative authority for each investment. The responsible official or committee shall make a monthly report of all investment transactions to the city legislative authority. The legislative authority of a city or town or city official or committee authorized to invest city or town funds may at any time convert any of its investment securities, or any part thereof, into cash.[ 1969 ex.s. c 33 § 2.]
WA Rev Code § 35.39.034 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.034 - Investment by individual fund or commingling of funds—Investment in United States securities—Validation.

RCW 35.39.034 Investment by individual fund or commingling of funds—Investment in United States securities—Validation.Moneys thus determined available for this purpose may be invested on an individual fund basis or may, unless otherwise restricted by law be commingled within one common investment portfolio for investment. All income derived from such investment shall be apportioned and used for the benefit of the various participating funds or for the benefit of the general or current expense fund as the governing body of the city of [or] town shall determine by ordinance or resolution: PROVIDED, That funds derived from the sale of general obligation bonds or revenue bonds or similar instruments of indebtedness shall be invested, or used in such manner as the initiating ordinances, resolutions, or bond covenants may lawfully prescribe.Any excess or inactive funds on hand in the city treasury not otherwise invested, or required to be invested by this section, as now or hereafter amended, may be invested by the city treasurer in United States government bonds, notes, bills, certificates of indebtedness, or interim financing warrants of a local improvement district which is within the protection of the local improvement guaranty fund law for the benefit of the general or current expense fund.All previous or outstanding investments of city or town funds for the benefit of the city's or town's general or current expense fund which have been or could be made in accordance with the provisions of this section, as now or hereafter amended, are declared valid.[ 1981 c 218 § 1; 1975 1st ex.s. c 11 § 2; 1969 ex.s. c 33 § 3.]
WA Rev Code § 35.39.050 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.050 - Construction—1965 c 7.

RCW 35.39.050 Construction—1965 c 7.RCW 35.39.030 shall be deemed cumulative and not exclusive and shall be additional to any other power or authority granted any city or town.[ 1983 c 3 § 56; 1965 c 7 § 35.39.050. Prior: 1943 c 92 § 3; Rem. Supp. 1943 § 5646-15.]
WA Rev Code § 35.39.060 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.060 - Investment of pension funds.

RCW 35.39.060 Investment of pension funds.Any city or town now or hereafter operating an employees' pension system with the approval of the board otherwise responsible for management of its respective funds may invest, reinvest, manage, contract, sell, or exchange investments acquired. Investments shall be made in accordance with investment policy duly established and published by the board. In discharging its duties under this section, the board shall act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; shall diversify the investments of the employees' pension system so as to minimize the risk of large losses; and shall act in accordance with the documents and instruments governing the employees' pension system, insofar as such documents and instruments are consistent with the provisions of this title.[ 2013 c 23 § 62; 2009 c 549 § 2076; 1982 c 166 § 1.]NOTES:Effective date—1982 c 166: "This act shall take effect July 1, 1982." [ 1982 c 166 § 9.]
WA Rev Code § 35.39.070 (2021)
2021 Revised Code of Washington|Title 35 - Cities and Towns|Chapter 35.39 - Fiscal—Investment of Funds.|35.39.070 - City retirement system—Registration and custody of securities.

RCW 35.39.070 City retirement system—Registration and custody of securities.The city treasurer may cause any securities in which the city retirement system deals to be registered in the name of a nominee without mention of any fiduciary relationship, except that adequate records shall be maintained to identify the actual owner of the security so registered. The securities so registered shall be held in the physical custody of the city treasurer, the federal reserve system, the designee of the city treasurer, or at the election of the designee and upon approval of the city treasurer, the Pacific Securities Depository Trust Company Inc. or the Depository Trust Company of New York City or its designees.With respect to the securities, the nominee shall act only on the direction of the retirement board. All rights to the dividends, interest, and sale proceeds from the securities and all voting rights of the securities shall be vested in the actual owners of the securities, and not in the nominee.[ 1982 c 166 § 2.]NOTES:Effective date—1982 c 166: See note following RCW 35.39.060.