(1) Be payable in not to exceed 30 years from the date of issuance thereof.
(2) Be sold at a price to net the city not less than the par value thereof with accrued interest.
(3) Bear interest at not to exceed six percent per annum. [Amended by 2005 c.22 ยง170]
Structure 2021 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 225 - Municipal Utilities
Section 225.020 - Ownership and operation of utilities by city within and without city limits.
Section 225.050 - Joint construction, ownership and operation of waterworks; financing.
Section 225.080 - Financing costs of municipal waterworks or water system; benefit assessments.
Section 225.085 - Klamath Cogeneration Project; service contracts; prohibited transactions.
Section 225.220 - Enforcement of statutory requirements.
Section 225.230 - Rates set in accordance with estimates of annual expenses.
Section 225.280 - Warrants on future income; limitations; retirement.
Section 225.330 - Acquisition of property for facilities.
Section 225.370 - Terms of bonds.
Section 225.450 - Definitions for ORS 225.450 to 225.490.
Section 225.480 - City liability; application of moneys; use of eminent domain prohibited.