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AGO Opinions with Topic: ISSUANCE IN PARCELS DEPENDING UPON ASSESSED VALUATIONS DURING 10 YEAR PERIOD
AGO 1953 No. 453 >  January 5, 1953
CONSTITUTIONAL LAW - BOND ISSUES BY SCHOOL DISTRICTS - ISSUANCE IN PARCELS DEPENDING UPON ASSESSED VALUATIONS DURING 10 YEAR PERIOD
CONSTITUTIONAL LAW, BOND ISSUES BY SCHOOL DISTRICTS, ISSUANCE IN PARCELS DEPENDING UPON ASSESSED VALUATIONS DURING 10 YEAR PERIOD

(1) A bond issue offered and sold in parcels during a 10 year period authorized by the electors depending upon increase in assessed valuation of the district would not be repugnant to section 5, Article VIII of the Constitution of Washington. (2) A state guarantee fund insuring payment of said bonds would not be repugnant to section 6, Article VIII of the constitution of Washington.

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