300 STATE LAND LAWS 



SECS. 496-500 LAKES WASHINGTON AND UNION. 



appraisal, sale and disposition of the shore lands mentioned in this act,* 

 except as modified, altered or repealed by the provisions of this act.* 

 (Laws '07, p. 6, sec. 5.) 

 *Secs. 492-496. 



SEC. 496. SAME A.-Y.-P. E. FUND. 



All of the proceeds of the sale of said shore lands, principal and 

 interest, shall, when collected, be paid to the state treasurer, and there 

 is hereby created the Alaska-Yukon-Pacific Exposition fund to consist 

 of the proceeds of said sales of said shore lands, both principal and 

 interest. (Laws '07, p. 6, sec. 4.) 



See next section and note. 



The state may devote the proceeds of sale of tide or shore lands to any pur- 

 pose : Tacoma Land Co. v. Young, 18 Wash. 495. 



SEC. 497. SAME SHORE LAND IMPROVEMENT FUND SOURCE 



OF. ' ' 



The residue of said special fund, if there be any remaining after 

 payment of all warrants provided for by sections 1 and 2 of chapter 

 4 of the Session Laws of 1907, shall be transferred into the State Shore 

 Land Improvement Fund provided for by the next following section. 

 (Laws '07, p. 8, sec. 3; amended, Laws '09, p. 748, sec. 1.) 



NOTE : Sees. 1 and 2, Chap. 4, Laws '07, relate to the manner of payment 

 of amounts appropriated from A.-Y.-P. E. fund by Chaps. 5 and 6, Laws '07, 

 which appropriations were continued by Chap. 5, Laws '09, and construed by 

 H. C. R. No. 4, Laws '09, Sp'l Sess., p. 76. ' 



SEC. 498. SAME SHORE LAND IMPROVEMENT FUND CREATED. 



There is hereby created a state shore land improvement fund, and 

 all warrants drawn upon said fund pursuant to chapter 218 of the Ses- 

 sion Laws of 1909, including interest thereon, shall be paid in the same 

 manner as the state's general fund warrants are paid. (Laws '09, p. 

 746, sec. 1; sec. 5032a Rem.-Bal.; 437 sec. 349 Pierce.) 



Cited: 60 Wash. 454; 63 Wash. 462. 



SEC. 499. SAME LIMITED LIABILITY. 



Warrants hereafter drawn upon such fund under this act* shall 

 bear interest at the rate of six per cent, per annum, payable semi- 

 annually, and shall so provide. Indebtedness incurred or warrants 

 issued hereunder shall be payable only from the state shore land im- 

 provement fund, and shall never be nor become general indebtedness 

 against the state. (Laws '13,' p. 474, sec. 3.) 



Former Laws : Laws '09, p. 749, sec. 4 ; Laws '11, p. 154, sec. 3. 

 *Chap. 149, Laws 1913. 



SEC. 500. SAME AID OF LAKE WASHINGTON CANAL. 



There is hereby set apart and appropriated out of said fund the sum 

 of two hundred and fifty thousand dollars ($250,000), to be expended in 

 the construction or improvement of what is known as the Lake 



