(2) The bonds shall bear interest at a rate determined by the board of directors, payable semiannually on the first day of January and July of each year. The principal and interest shall be payable at the places designated in the bonds and coupons. The bonds shall be signed by the president and secretary. Coupons for interest shall be attached to each bond, and may be signed with the printed, lithographed or engraved facsimile signature of the secretary.
(3) The secretary of the district shall register the bonds in books kept in the office of the secretary for that purpose, and therein must be stated the number, date, amount of bond, time and place of payment, rate of interest, number of coupons attached, and any other description proper for future identification of each bond. This section shall not be construed to provide that any bond of the district shall bear a registration certificate by the secretary. [1965 c.623 §20; 1969 c.691 §10; 1991 c.459 §431d]
Structure 2021 Oregon Revised Statutes
Volume : 15 - Water Resources, Agriculture and Food
Chapter 553 - Water Control Districts
Section 553.010 - Definitions.
Section 553.020 - Creation of water control districts; purposes; limits.
Section 553.035 - Application of election laws.
Section 553.090 - Nature and powers of district.
Section 553.105 - Districts coterminous with 1969 districts; abolishment of existing districts.
Section 553.107 - Effect of creation of districts under ORS 553.105.
Section 553.110 - Vested water rights; inclusion of land in district or assessment; consent.
Section 553.230 - Powers and duties of board.
Section 553.240 - County court as governing body.
Section 553.250 - Authority to acquire and dispose of water works; sale of water.
Section 553.310 - Creation of subdistrict; change in subdistrict boundaries; procedure.
Section 553.340 - Determination of benefits; board of appraisers; exception.
Section 553.360 - Hearing on report of appraisers; exceptions; entry of order; appeal.
Section 553.510 - Special assessments.
Section 553.520 - Apportioning assessments; adjustment of benefits.
Section 553.530 - Disposition of funds received.
Section 553.535 - Collection of charges and assessments by resolution of board.
Section 553.610 - Assessments or taxes upon bond issue.
Section 553.620 - Ad valorem tax in lieu of assessment.
Section 553.630 - Terms and conditions of bonds; bond register.
Section 553.640 - Sale of bonds; cancellation.