(2) The board may by resolution entered on its records cancel any bonds which may have been voted or issued which have not been sold or deposited as security for funds advanced or to be advanced, and which the state, United States or any person has no claim to or equity in. After such cancellation, the bonds shall not be sold or otherwise disposed of; they shall be invalid and of no effect; and the board may not replace them without authorization of the electors. [1965 c.623 ยง22]
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.