20 chapters · 1,347 sections in this title.
ORS 547.620 Retirement of outstanding bonds; notice to bondholders to submit propositions; premium; calling of bonds
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(1) Whenever there is in the sinking fund a surplus of $500 or more, over and above the interest maturing before the next levy, the district treasurer shall give notice for two weeks in one or more newspapers of general circulation printed and published in the county in which the…
ORS 547.655 Authority to adopt alternative procedure
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Any drainage district desiring to refund its outstanding indebtedness or issue bonds for any purposes may, in lieu of the procedure otherwise provided by law, elect to adopt the procedure provided by ORS 547.660 to 547.695.
ORS 547.660 Exchange of refunding bonds for outstanding indebtedness
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The board of supervisors of any drainage district desiring to issue refunding bonds to replace or in satisfaction or discharge of any outstanding indebtedness may exchange such refunding bonds for the outstanding indebtedness in full compromise, satisfaction and discharge thereof…
ORS 547.665 Numbering; maturities; negotiability; interest; place of payment; denominations; execution; registration; authority to retire bonds
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(1) The bonds shall be numbered consecutively, beginning with number 1 and following in numerical order. They shall mature in the manner provided by ORS 547.660, in annual amounts of principal and interest approximately equal, in not less than five nor more than 40 years from the…