2021 Oregon Revised Statutes
Chapter 547 - Drainage Districts
Section 547.555 - Bonds; issuance; interest; place of payment; maturities.


(2) The bonds shall be signed by the president of the board, attested with the seal of the district and by the signature of the secretary of the board. They may be issued so as to mature serially in annual amounts so as to be approximately equal, principal and interest, and may be issued so as to include a sum sufficient to pay the first four years’ interest, or less, to accrue on the bonds. [Amended by 1969 c.694 §36; 1977 c.188 §8; 1983 c.740 §215; 1991 c.459 §425t; 1997 c.631 §490; 2001 c.215 §20]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 15 - Water Resources, Agriculture and Food

Chapter 547 - Drainage Districts

Section 547.010 - Petition to form district; contents.

Section 547.020 - Fixing time and place of hearing; notice; jurisdiction over district.

Section 547.030 - Evidence at hearing; findings; appeal.

Section 547.045 - Public lands within district; authority to sign petition or objections; liability of lands; assessments.

Section 547.057 - Drainage district activity as urban service.

Section 547.063 - Definitions.

Section 547.065 - Public hearing required.

Section 547.067 - Powers of drainage district.

Section 547.069 - Formation of drainage district by owners of certain lands permitted.

Section 547.071 - Powers of drainage district officers and employees.

Section 547.073 - Powers of board of supervisors.

Section 547.075 - Contracts with federal government permitted.

Section 547.077 - Powers of boards of supervisors west of the Cascade Mountains.

Section 547.079 - Clogged or obstructed conditions; notice to owner or occupant.

Section 547.081 - Repair of clogged or obstructed condition.

Section 547.083 - Owner or occupant liable for repair expense; notice and recordation of lien.

Section 547.105 - Election of supervisors; qualifications and terms of office; quorum for transaction of business at owners’ meetings.

Section 547.112 - Change in number of supervisors.

Section 547.125 - Secretary as treasurer; duties; audit of books and report to landowners; compensation.

Section 547.140 - Uniform charge to pay expenses of organizing district, surveys, assessing benefits and damages; collection; surplus funds; refunding in case of dissolution.

Section 547.205 - Appointment of engineer; duties; surveys; report; maps.

Section 547.210 - Engineer’s report; adoption by supervisors; report constitutes "Plan for Reclamation"; exclusion of lands not benefited; certain irrigated lands deemed to be benefited.

Section 547.225 - Assessment of benefits and damages by commissioners; report; compensation.

Section 547.230 - Notice of report of commissioners; publication; form.

Section 547.250 - Changes in plan for reclamation; petition for amendment of plan; notice.

Section 547.260 - Appointment of commissioners when plan amended; subsequent proceedings; court costs.

Section 547.305 - Entry on land; acquisition of property; water filings and appropriations; condemnation of property devoted to public use; right of way across state lands.

Section 547.310 - Board authority regarding reclamation works; contracts; engineer’s duties.

Section 547.315 - Connecting existing improvements; procedure; connection with improvements outside district.

Section 547.325 - Powers of districts under 1,000 acres regarding domestic water supply.

Section 547.410 - Maintaining improvements; notice to owner or occupant of premises.

Section 547.420 - Liability for cost of work; notice of claim of lien; foreclosure; sale of land.

Section 547.425 - Prohibited practices.

Section 547.455 - Annual charge or assessment; computation; apportionment; liability of state lands; payment of assessments by bonds, coupons or warrants.

Section 547.482 - Filing boundary change with county assessor and Department of Revenue.

Section 547.492 - Alternative charge or assessment method.

Section 547.510 - Form of crop lien claim; foreclosure.

Section 547.555 - Bonds; issuance; interest; place of payment; maturities.

Section 547.570 - Bond proceeds; depository.

Section 547.580 - Retirement of bonds before maturity; call provisions.

Section 547.610 - Sale or exchange of bonds; application of proceeds; cancellation of retired obligations; record of transactions.

Section 547.620 - Retirement of outstanding bonds; notice to bondholders to submit propositions; premium; calling of bonds.

Section 547.665 - Numbering; maturities; negotiability; interest; place of payment; denominations; execution; registration; authority to retire bonds.

Section 547.670 - Offer by holders of indebtedness to surrender evidences thereof or accept proportional payment; sale of bonds; notice; publication.

Section 547.675 - Lien on land assessed for bond payment.

Section 547.680 - Emergency fund; assessments for; use of.

Section 547.697 - Bond fund separate from district general fund; deposits to bond fund and district general fund; expenditures from bond fund and district general fund.