2021 Oregon Revised Statutes
Chapter 266 - Park and Recreation Districts
Section 266.580 - Payment of bond principal and interest; payment of collection commission.

(2) The county treasurer must cause to be paid out of any money in the hands of the county treasurer belonging to the district the interest on or principal of any bond issued pursuant to ORS 266.480 promptly when and as the same becomes due at the place of payment designated in the coupons or bonds.
(3) All coupons or bonds so paid must be immediately reported to the district board.
(4) No county treasurer or district board shall pay to the purchaser of any bond issued pursuant to ORS 266.480 or to any agency representing such purchaser, any commission whatsoever for collection of the interest on or principal of any bond so issued.
(5) The county treasurer shall not be required to remit to the purchaser of any bonds or coupons the amount necessary to redeem such bonds or coupons until the day they are due. [Amended by 1969 c.668 §31]

Structure 2021 Oregon Revised Statutes