35.53.010 – Property to be held in trust—Taxability.

RCW 35.53.010 Property to be held in trust—Taxability. Property bid in by the city or town or struck off to it pursuant to proceedings for the foreclosure of local improvement assessment liens shall be held in trust by the city or town for the fund of the improvement district or the revenue bond fund into […]

35.53.020 – Discharge of trust.

RCW 35.53.020 Discharge of trust. The city or town may relieve itself of its trust relation to a local improvement district fund or revenue bond fund into which utility local improvement assessments are pledged to be paid as to any lot, tract, or parcel of property by paying into the fund the amount of the […]

35.53.030 – Sale or lease of trust property.

RCW 35.53.030 Sale or lease of trust property. A city or town may lease or sell and convey any such property held in trust by it, by virtue of the conveyance thereof to it by a local improvement assessment deed. The sale may be public or private and for such price and upon such terms […]

35.53.040 – Termination of trust in certain property.

RCW 35.53.040 Termination of trust in certain property. A city or town which has heretofore acquired or hereafter acquires any property through foreclosure of delinquent assessments for local improvements initiated or proceedings commenced before June 8, 1927, may terminate its trust therein by an action in the superior court, if all the bonds and warrants […]

35.53.050 – Termination of trust in certain property—Complaint—Allegations.

RCW 35.53.050 Termination of trust in certain property—Complaint—Allegations. The complaint in any such action by a city or town to terminate its trust in property acquired at a local improvement assessment sale shall set forth: (1) The number of the local improvement district or utility local improvement district, (2) The bonds and warrants owing thereby, […]

35.53.060 – Termination of trust in certain property—Property—Parties—Summons.

RCW 35.53.060 Termination of trust in certain property—Property—Parties—Summons. Two or more delinquent districts and all property, bonds and warrants therein may be included in one action to terminate the trust. All persons owning any bonds or warrants of the districts involved in the action or having an interest therein shall be made parties defendant except […]

35.53.070 – Termination of trust in certain property—Receivership—Regulations.

RCW 35.53.070 Termination of trust in certain property—Receivership—Regulations. In such an action the court after acquiring jurisdiction shall proceed as in the case of a receivership except that the city or town shall serve as trustee in lieu of a receiver. The assets of the improvement districts involved shall be sold at such prices and […]