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Form a Business

Lines of credit—Payment

Seattle Mun. Code § 5.16.040
in effect
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5.16.040 - Lines of credit—Payment The line or lines of credit established by the Director of Finance and Administrative Services pursuant to Section 5.16.030 shall be a general obligation of the City. The City hereby pledges its full faith, credit, and resources to levy and collect taxes and other revenues sufficient for payment of the principal of, and interest on, the lines of credit extended, and to make prompt payment of the obligation, including interest thereon, as the same are due. (Ord. 123361, § 140, 2010 [department head name change]; Ord. 120794, § 96, 2002 [department head name change]; Ord. 116368, § 144, 1992 [department head name change]; Ord. 110585, § 1, 1982.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT5REFITA_SUBTITLE_IGERE_CH5.16WA_5.16.040LICRAYFetched: 11/1/2026

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5.16.040 | Corpus