Baker v. Meacham

Citations

• 18 Wash. 319
• 51 P. 404
• 1897 Wash. LEXIS 164

Syllabus

<p>MUNICIPAL BONDS — PAYMENT IN INSTALLMENTS BY SPECIAL ASSESSMENT ' —APPLICATION OP ASSESSMENTS.'</p> <p>Under Laws 1893, p. 231 (Bal. Code, §§ 1185-1189), providing for the issuance of bonds payable in ten annual installments, to cover the expense of street improvements and sewer construction, and providing for the annual levy and collection of special assessments upon the property benefited “ to redeem the installments of such bonds next thereafter maturing,” moneys arising from an assessment to pay any installment coming due cannot be applied to the payment of bonds which have matured prior thereto and which remain partly unpaid by reason of failure to fully collect the assessments levied to meet them.</p>