Oregon § 266.480 Power to contract bonded indebtedness for certain purposes

Oregon Statutes

§ 266.480 — Power to contract bonded indebtedness for certain purposes

Oregon § 266.480

Vol.7

Title 24Public Organizations for Community Service

Ch. 266Park and Recreation Districts

This text of Oregon § 266.480 (Power to contract bonded indebtedness for certain purposes) 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. § 266.480 (2026).

Text

A district has the power to contract a bonded indebtedness for the purpose of providing funds:

(1)To acquire land, rights of way, interests in land, buildings and equipment.

(2)To improve land and develop parks and recreation grounds.

(3)To construct, reconstruct, improve, repair and furnish buildings, gymnasiums, swimming pools, golf courses, driving ranges, boat marinas and recreational facilities of every kind.

(4)To acquire equipment of all types, including vehicular equipment necessary for and in the use, development and improvement of the lands and facilities of the district.

(5)To pay the costs, expenses and attorney fees incurred in the issue and sale of the bonds.

(6)To fund or refund outstanding indebtedness, or for any one or combination of any such purposes.

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A district has the power to contract a bonded indebtedness for the purpose of providing funds:
(1) To acquire land, rights of way, interests in land, buildings and equipment.
(2) To improve land and develop parks and recreation grounds.
(3) To construct, reconstruct, improve, repair and furnish buildings, gymnasiums, swimming pools, golf courses, driving ranges, boat marinas and recreational facilities of every kind.
(4) To acquire equipment of all types, including vehicular equipment necessary for and in the use, development and improvement of the lands and facilities of the district.
(5) To pay the costs, expenses and attorney fees incurred in the issue and sale of the bonds.
(6) To fund or refund outstanding indebtedness, or for any one or combination of any such purposes.