(2) Bond anticipation notes shall be issued for all moneys so borrowed under the provisions of this section. Such notes may be issued for a period not to exceed three years and may be renewed or refunded from time to time for periods of not exceeding three years, but each such note, including renewals, shall mature and be paid not later than the fifth anniversary of the date the original note was issued. Such notes shall be authorized by ordinance of the governing body and shall be in such denomination or denominations, shall bear interest at such rate or rates approved by the governing body, shall be in such form and shall be executed in such manner, all as the governing body shall prescribe. Such notes may be sold at public or private sale in the manner and at such price or prices as the governing body shall determine, provided that if such notes be renewal notes, they may be exchanged for notes then outstanding on such terms as the governing body shall determine. [1977 c.95 §12; 1987 c.623 §4]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 268 - Metropolitan Service District
Section 268.020 - Definitions.
Section 268.030 - Purpose of chapter; limitation on number of districts; purpose of districts.
Section 268.060 - Costs of elections.
Section 268.240 - PERS membership for specified classes of district employees; conditions.
Section 268.300 - Existence, status and general powers of district.
Section 268.310 - Powers of district.
Section 268.313 - Acquisition or construction of major facility; conditions.
Section 268.315 - Authority of district to levy ad valorem tax.
Section 268.317 - Solid and liquid waste disposal powers.
Section 268.319 - Reuse and recycling of electronic products.
Section 268.343 - Validation of certain easements acquired by district.
Section 268.351 - Definitions for ORS 268.347 and 268.354.
Section 268.354 - Boundary change procedures; standards.
Section 268.360 - Authority to exercise police power; ordinances; effective dates; enforcement.
Section 268.380 - Land-use planning goals and activities; coordination; review of local plans.
Section 268.385 - District as regional planning coordinator.
Section 268.393 - Land use planning ordinance; notice to local governments and landowners.
Section 268.505 - Income tax; rate limitation; elector approval required.
Section 268.520 - Authority to issue and sell general obligation bonds.
Section 268.590 - Credit enhancement of district bonds and other obligations.