Oregon § 225.370 Terms of bonds

Oregon Statutes

§ 225.370 — Terms of bonds

Oregon § 225.370

Vol.6

Title 21Cities

Ch. 225Municipal Utilities

This text of Oregon § 225.370 (Terms of bonds) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 225.370 (2026).

Text

The city governing body may determine the maturities and tenor of bonds issued under ORS 225.360. However, the bonds shall be serial in character and in accordance with any provisions of law or charter. The bonds shall:

(1)Be payable in not to exceed 30 years from the date of issuance thereof.

(2)Be sold at a price to net the city not less than the par value thereof with accrued interest.

(3)Bear interest at not to exceed six percent per annum.

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The city governing body may determine the maturities and tenor of bonds issued under ORS 225.360. However, the bonds shall be serial in character and in accordance with any provisions of law or charter. The bonds shall:
(1) Be payable in not to exceed 30 years from the date of issuance thereof.
(2) Be sold at a price to net the city not less than the par value thereof with accrued interest.
(3) Bear interest at not to exceed six percent per annum.