(a) Shall not be payable from nor charged upon any fund other than the revenue pledged to the payment of the revenue bonds.
(b) Shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the city or district, except those moneys paid to the loan fund created by ORS 478.855.
(2) No holder of such revenue bonds shall ever have the right to compel any exercise of the taxing power of a city or district to pay the bonds or the interest on the bonds, or to enforce payment of the bonds against any property of the city or district except those moneys pledged in the loan fund created under ORS 478.855.
(3) A revenue bond issued under ORS 478.845 to 478.875 shall not constitute a debt of the city or district within the meaning of any statutory limitation. [1995 c.725 §4; 2007 c.783 §210]
Note: See note under 478.840.
Structure 2021 Oregon Revised Statutes
Volume : 14 - Drugs and Alcohol, Fire Protection, Natural Resources
Chapter 478 - Rural Fire Protection Districts
Section 478.001 - Definitions.
Section 478.002 - Status of districts existing in 1957.
Section 478.004 - New district succeeds to and replaces abolished district.
Section 478.010 - Formation; territories that may not be included in districts.
Section 478.100 - Immaterial defects in organization not to invalidate district organization.
Section 478.210 - Directors; organization; term; oath.
Section 478.215 - Position numbers for director election.
Section 478.221 - Nomination and election of directors.
Section 478.225 - Election subdistricts; petition for formation; election.
Section 478.231 - Election laws applicable.
Section 478.234 - Subdistricts for nomination or election of directors.
Section 478.240 - Special elections; electors.
Section 478.250 - Meetings and officers of board.
Section 478.260 - Fire chief; headquarters; fire evacuation routes; emergency medical services.
Section 478.270 - Reports of directors; State Fire Marshal cooperation; uniform forms.
Section 478.335 - Contracts for medical and hospital services or insurance.
Section 478.355 - Establishment of employee retirement system; provisions of plan.
Section 478.360 - Fund to provide retirement benefits.
Section 478.410 - Power of district to levy taxes, borrow money, sell bonds and create fees.
Section 478.480 - Formation of tax zones; basis for zones; public hearing.
Section 478.485 - Notice of public hearing.
Section 478.495 - Limitation on changes in tax zone boundaries.
Section 478.840 - Definitions for ORS 478.845 to 478.875.
Section 478.845 - Revenue bonds authorized for fire safety systems.
Section 478.850 - Sources of bond payment restricted.
Section 478.855 - Loan fund created from bond proceeds; other sources for fund.
Section 478.860 - Standards for eligibility for loans for fire safety systems.
Section 478.865 - Loan contract; repayment plan; terms and conditions.
Section 478.875 - Remedies for breach of loan contract.
Section 478.880 - Legislative findings.
Section 478.920 - Scope of fire prevention code.
Section 478.940 - Filing and posting of fire prevention code.
Section 478.965 - Recovery by district of costs of suppressing unlawful fire; attorney fees.
Section 478.972 - Application by district to State Fire Marshal for identification name.