Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGO 1953 NO. 453 > Jan 5 1953

(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.