Chapter 3.16


3.16.010    Created – Purpose.

3.16.010 Created – Purpose.

There is established for the city of Marysville a fund for the purpose of guaranteeing, to the extent of such fund, and in the manner provided for by Chapter 35.54 RCW, the payment of its local improvement bonds and warrants or other short-term obligations issued to pay for any local improvement orders. The local improvement guaranty fund established under this section shall not be subject to any claim by the owner or holder of any local improvement bond, warrant, or other short-term obligation issued under an ordinance that provides that such obligations shall not be secured by the local improvement guaranty fund. (Ord. 2937 § 1, 2013; Ord. 253 § 1, 1927).