(2) The county treasurer shall cause the bonds to be delivered promptly to the purchasers upon payment therefor, and shall hold the proceeds of the sale of the bonds subject to the order of the district board to be used solely for the purpose for which the bonds were issued.
(3) When the bonds have been so executed, registered and delivered, their legality shall not be open to contest by the district or by any person or corporation for or on its behalf, for any reason whatever. [Amended by 1969 c.668 ยง27]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 266 - Park and Recreation Districts
Section 266.010 - Definitions.
Section 266.040 - Application of ORS chapter 255 to district.
Section 266.110 - Petition for formation.
Section 266.310 - Officers of district; qualifications.
Section 266.320 - Number of board members elected at formation election; terms of office.
Section 266.325 - Changing number of board members; election; notice to Secretary of State.
Section 266.330 - Election of board members; terms.
Section 266.370 - Board as governing power; president and secretary; meetings.
Section 266.375 - Manner of electing board members.
Section 266.380 - Changing manner of electing board members; requirements; election.
Section 266.410 - General district powers.
Section 266.440 - Deposit and disbursement of district moneys.
Section 266.450 - Regulations and orders adopted by board; penalty for violating regulation.
Section 266.480 - Power to contract bonded indebtedness for certain purposes.
Section 266.490 - Bond election at discretion of board or on petition.
Section 266.518 - Contracting with United States for facilities.
Section 266.530 - Registration and delivery of bonds; disposition of proceeds.
Section 266.540 - Additional taxes for payment of bond interest and principal; bond sinking fund.
Section 266.560 - Redemption of bonds; notice.
Section 266.580 - Payment of bond principal and interest; payment of collection commission.