(2) Each bond shall bear on its back the registration certificate of the treasurer of the district. Coupons for interest or for interest and principal, as the case may be, shall be attached to each bond and shall bear the facsimile signature of the secretary of the district. The district treasurer shall register the bonds in a book kept in the office of the treasurer for that purpose, in which shall be stated the number, date of issue and of sale, amount of the bond, time and place of payment, rate of interest, number of coupons attached, and any other description proper for future identification of each bond. However, the board of supervisors may call for payment and retire before maturity any bonds issued in accordance with ORS 547.655 to 547.695, on payment of the principal remaining unpaid at the date of call, together with earned interest to and including the date of the call for payment.
(3) The board of supervisors may stipulate that during the first period of the bond term, not exceeding five years, there shall be no payment of principal or interest. [Amended by 1969 c.694 §44; 1981 c.94 §47; 2001 c.215 §26]
Structure 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 547.057 - 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 547.112 - Change in number of supervisors.
Section 547.205 - Appointment of engineer; duties; surveys; report; maps.
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 547.310 - Board authority regarding reclamation works; contracts; engineer’s duties.
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 547.482 - 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 547.675 - Lien on land assessed for bond payment.