(2) Bond anticipation notes shall be issued for all moneys so borrowed under the provisions of this section. Such notes may be issued for a period not exceeding one year and may be renewed from time to time for periods of not exceeding one year, but each such note, including renewals, shall mature and be paid not later than the fifth anniversary of the date the original note was issued. Such notes shall be authorized by ordinance of the board and shall be in such denomination or denominations, shall bear interest at such rate or rates approved by the board, shall be in such form and shall be executed in such manner, all as the board shall prescribe. Such notes may be sold at public or private sale in the manner and at such price or prices as the board shall determine, provided that if such notes be renewal notes, they may be exchanged for notes then outstanding on such terms as the board shall determine. [1971 c.546 ยง5]
Structure 2021 Oregon Revised Statutes
Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation
Chapter 778 - Port of Portland
Section 778.005 - Definitions.
Section 778.010 - District known as Port of Portland; boundaries; capacity to sue.
Section 778.016 - Best value standards for Port of Portland contracts and space leases.
Section 778.020 - Acquisition of City of Portland property by port; assumption of bonds; election.
Section 778.025 - Power to engage in certain commercial activities.
Section 778.040 - General obligation bond issues to be approved by electors.
Section 778.065 - Port taxing power; annual limitation.
Section 778.073 - Recreational facilities; development; operation; maintenance.
Section 778.100 - Reclamation of lands within port limits; assessments; lien; hearing; appeal.
Section 778.105 - Port required to contract for work and materials; dry docks; bids.
Section 778.110 - Personnel; membership in retirement systems.
Section 778.145 - Issuance of revenue bonds; election; use of proceeds; status of bonds.
Section 778.155 - Form and content of bonds.
Section 778.160 - Borrowing in anticipation of bond sale; bond anticipation notes; content; sale.
Section 778.210 - Qualifications of members.
Section 778.215 - Appointment; confirmation; vacancies.
Section 778.225 - Meetings; rules; quorum; executive committee.
Section 778.230 - Board officers.
Section 778.235 - Causes of vacancies; leaves of absence.
Section 778.255 - Enactment of port ordinances; effective date; passage; effect of referendum.