State Codes and Statutes
Statutes > Washington > Title-79 > 79-24 > 79-24-150Bonds as security and legal investment.
Bonds authorized by RCW 79.24.100 through 79.24.160 shall be accepted by the state, counties, cities, towns, school districts, and other political subdivisions as security for the deposit of any of their funds in any banking institution. Any officer of this state, or any county, city, town, school district, or other political subdivision may invest surplus funds, which he is authorized to invest in securities, and where such authorization is not limited or restricted as to the class of securities in which he may invest, in bonds issued under RCW 79.24.100 through 79.24.160.
[1947 c 186 § 6; Rem. Supp. 1947 § 7921-15.]
