Oregon § 341.685 Registration of bonds; disposition of proceeds

Oregon Statutes

§ 341.685 — Registration of bonds; disposition of proceeds

Oregon § 341.685

Vol.9

Title 30Education and Culture

Ch. 341Community Colleges

This text of Oregon § 341.685 (Registration of bonds; disposition of proceeds) 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. § 341.685 (2026).

Text

(1)The paying agent and registrar, appointed in accordance with ORS 287A.300 (1) to (3), shall register each community college district bond, including refunding bonds, in a record maintained for that purpose in the office of the paying agent and registrar, noting the community college district, amount, date, time and place of payment, rate of interest and such other facts as the paying agent and registrar may consider proper. The paying agent and registrar shall cause the bonds to be delivered promptly to the purchasers thereof upon payment therefor, and if the place of delivery is outside the city in which the paying agent and registrar’s office is situated, the cost of delivery of the bonds shall be paid by the issuing district.

(2)The paying agent and registrar shall hold the proceed

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The paying agent and registrar, appointed in accordance with ORS 287A.300 (1) to (3), shall register each community college district bond, including refunding bonds, in a record maintained for that purpose in the office of the paying agent and registrar, noting the community college district, amount, date, time and place of payment, rate of interest and such other facts as the paying agent and registrar may consider proper. The paying agent and registrar shall cause the bonds to be delivered promptly to the purchasers thereof upon payment therefor, and if the place of delivery is outside the city in which the paying agent and registrar’s office is situated, the cost of delivery of the bonds shall be paid by the issuing district.
(2) The paying agent and registrar shall hold the proceeds of the sale of all bonds for the community college district subject to the order of the board of the district to be used solely for the purpose for which the bonds were issued. The paying agent and registrar is authorized to deliver the proceeds of the sale of the bonds to the person designated as custodian of the community college district funds under ORS 341.703.
(3) When the bonds have been so executed, registered and delivered, their legality shall not be open to contest by the community college district, or by any person for or on its behalf, for any reason whatever.