17 chapters · 940 sections in this title.
ORS 381.615 Majority vote required
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The council may issue and sell bonds for the purpose mentioned in ORS 381.605 only upon the approval of a majority of those voting on the question. [Amended by 1983 c.350 §252]
ORS 381.635 Duties and powers of council
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If the electors of the city approve the issuance of bonds, the council shall arrange to issue and sell the bonds. The council may arrange and provide the form, terms and sale of the bonds, consistent with ORS 381.605 to 381.670. [Amended by 1983 c.350 §253]
ORS 381.640 Terms and conditions of bonds
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(1) The bonds mentioned in ORS 381.605 shall: (a) Be in denominations of $100 or more, but not exceeding $1,000. (b) Run not to exceed 30 years from the end of the respective issues thereof. (c) Bear interest at a rate not to exceed six percent per year, payable on January 1 and …
ORS 381.645 Registering bonds
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The city treasurer shall keep a register of all the bonds issued or sold under ORS 381.605 to 381.670, noting therein the number of bonds, amount, date of issuance, date of sale and such facts as in the judgment of the city treasurer serve to keep an accurate record of the bonds …
ORS 381.650 Bond advertisement and sale
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(1) The bonds shall be advertised and sold to the highest bidder for cash. (2) The council shall advertise in one newspaper, if there is one, in the county in which the municipality is located, in one leading newspaper in Portland, Oregon, and in one leading financial newspaper i…
ORS 381.655 Custody and disbursement of bond proceeds
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The proceeds of all the bonds sold under ORS 381.605 to 381.670 shall be paid into the city treasury and shall go into a special bridge fund. Such proceeds shall be disbursed for the purposes for which the bonds are issued.
ORS 381.660 Use of tolls to pay bonded indebtedness and bridge maintenance
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(1) Tolls shall be fixed, charged and collected for passage over the bridge mentioned in ORS 381.605, and shall be so fixed and adjusted as to provide a fund sufficient to pay the principal and interest of the bonds issued for such bridge and an additional fund to pay the cost of…
ORS 381.665 Tax for bridge expense not paid by tolls
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Should the tolls and revenues procured for the use of the bridge be insufficient to pay the cost of maintaining, repairing and operating the bridge and the interest and principal upon bonded indebtedness as it accrues, the city council may each year levy and collect taxes upon al…
ORS 381.670 Plans for bridge construction; bids; awarding contract
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(1) The council shall cause to be prepared surveys, plans, specifications and estimates for the materials to be used and the manner and method of construction of any bridge constructed under ORS 381.605 to 381.670. (2) The council shall invite bids for the construction of any suc…
ORS 381.700 Findings
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The Legislative Assembly finds and declares that: (1) Interstate toll bridges owned by local governments provide critical links for the transport of workers, services, tourism and emergency response between the State of Oregon and the State of Washington, and for Oregon businesse…
ORS 381.702 Definitions
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As used in ORS 381.702 to 381.755, unless the context requires otherwise: (1) Board means the board of directors of a commission. (2) Bridge means an interstate toll bridge, including any approaches, that replaces an existing bridge crossing the Columbia River between the Sta…
ORS 381.705 Creation and purposes
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(1) Upon enactment by the State of Washington of legislation having the same material effect as ORS 381.702 to 381.755, local governments may enter into a commission formation agreement to form and charter a commission under this section. The commission is a public corporation fo…
ORS 381.710 Governance; rules
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(1) A commission shall be governed by a board of directors. A commission formation agreement must specify the number of voting directors and nonvoting directors, if any, appointed by local governments from each state and by governmental entities that are not local governments, if…
ORS 381.712 Powers; rules
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(1) In addition to any other powers granted under ORS 381.702 to 381.755, a commission may: (a) Construct, purchase, lease, acquire, own, operate, maintain, control, hold, sell, convey, dispose of, finance or refinance real property, personal property, facilities, materials, supp…
ORS 381.715 Organization and administration; rules
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(1) Before construction may begin on a bridge, a board must appoint or retain an executive director to perform the duties and functions of the chief administrator of the commission and exercise the powers conferred upon the executive director by the board or under ORS 381.702 to …
ORS 381.720 Real property
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(1) A commission may finance, refinance, acquire or otherwise assume control of, by purchase, lease, donation or other means, real property or personal property, structures, property rights, franchises, easements or other property interests, whether situated within the State of O…
ORS 381.725 Revenues; rules
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(1) A board shall have the exclusive power to impose, fix and periodically adjust the rate of tolls or other charges for use of a bridge owned or operated by the commission without approval, authorization or concurrence by a state legislature, state toll authority, local governme…
ORS 381.730 Bridge design and construction
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(1) The commission shall: (a) Design and construct a bridge to standards and specifications satisfactory to the departments of transportation; (b) Comply with all applicable permits, clearances and mitigation requirements; and (c) Arrange for timely review by the departments of t…
ORS 381.735 Bridge operations; rules
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(1) A board shall have the exclusive power to adopt and enforce the rules and regulations for the use, operation, maintenance, inspection and preservation of a bridge owned or operated by the commission, including loads permitted on the bridge and closing the bridge to any traffi…
ORS 381.740 Financing
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(1) A board, for any lawful purpose of the commission, without the necessity of any assent by electors, local governments or any other governmental entity, may by resolution or ordinance provide for the issuance and sale of: (a) Revenue bonds or other debt instruments paid from a…
ORS 381.742 Taxation
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(1) Notwithstanding the laws of this state or the State of Washington and except as provided in subsection (2) of this section, a state or political subdivision may not require the commission to pay a tax or assessment, or an in lieu of tax or assessment, including but not limite…
ORS 381.745 Applicable law and jurisdiction; rules
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(1) A commission is subject to applicable federal law, ORS 381.702 to 381.755, rules adopted by the commissions board under ORS 381.702 to 381.755 and any state or local laws that apply to a municipal corporation as specified in this section. (2) Except as provided in subsection…
ORS 381.750 Implementation and dissolution
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(1) A grantee for a federal, state or local grant for a bridge owned or to be owned by a commission that was awarded before the formation date of the commission is the grantee until the grant is closed under the terms of the grant agreement, unless otherwise agreed to by the gran…
ORS 381.755 General provisions
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(1) ORS 381.702 to 381.755 must be liberally construed to effectuate the purposes of the commission, and the powers and authority granted to the commission under ORS 381.702 to 381.755 are supplemental to all other powers and authorities granted to municipal corporations under th…
ORS 381.824 Interstate bridges of other states or subdivisions made tax-exempt
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Every bridge that passes over a river or body of water forming a boundary between this state and another state, and that has been constructed or acquired and is being operated by the other state or by any county, city, port or other municipality of the other state, together with …