17 chapters · 940 sections in this title.
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…