Oregon § 381.235 Formal requirements and conditions of bonds

Oregon Statutes

§ 381.235 — Formal requirements and conditions of bonds

Oregon § 381.235

Vol.10

Title 31Highways, Roads, Bridges and Ferries

Ch. 381Interstate Bridges

This text of Oregon § 381.235 (Formal requirements and conditions 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. § 381.235 (2026).

Text

Revenue bonds mentioned in ORS 381.230:

(1)Shall be made to mature at such times and bear such annual rate of interest, payable semiannually, as the authority issuing them may determine.

(2)May have coupons attached representing the interest payments.

(3)Shall contain a recital that the bonds and the interest thereon shall be limited in payment to the special fund to be derived from tolls or other income from the bridge.

(4)May contain such other terms and conditions and be in such form and signed by such official or officials as the authority issuing the bonds shall determine, but the coupons attached to the revenue bonds need bear only the facsimile signature of the officer designated to sign the coupons.

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Revenue bonds mentioned in ORS 381.230:
(1) Shall be made to mature at such times and bear such annual rate of interest, payable semiannually, as the authority issuing them may determine.
(2) May have coupons attached representing the interest payments.
(3) Shall contain a recital that the bonds and the interest thereon shall be limited in payment to the special fund to be derived from tolls or other income from the bridge.
(4) May contain such other terms and conditions and be in such form and signed by such official or officials as the authority issuing the bonds shall determine, but the coupons attached to the revenue bonds need bear only the facsimile signature of the officer designated to sign the coupons.