The Director of Finance of the City of Tacoma is hereby authorized to write off from the records of the City all assessments of inactive local improvement districts, the collection of which has been barred by the statute of limitations as set forth and provided in RCW 35.50.050; provided, however, that, in the event any collections are made or moneys received for or on said assessments so canceled, all such moneys so received shall be deposited in the local improvement guaranty fund.
(Ord. 17898 § 1, 1965-08-24)
The Director of Finance of the City of Tacoma is hereby authorized to cancel on the records of the City of Tacoma all local improvement district bonds or other evidence of liabilities of any such inactive local improvement districts that have been purchased or paid for by the local improvement guaranty fund, and to thereupon terminate all bookkeeping and accounting in respect thereto; provided, however, that nothing herein contained shall impair or affect the rights of any other bondholder or creditor of any such local improvement district as such holder may have.
(Ord. 17898 § 1, 1965-08-24)