Oregon § 545.519 Issuance of bonds; cancellation of bonds

Oregon Statutes

§ 545.519 — Issuance of bonds; cancellation of bonds

Oregon § 545.519

Vol.15

Title 45Water Resources; Irrigation, Drainage, Flood Control, Reclamation

Ch. 545Irrigation Districts

This text of Oregon § 545.519 (Issuance of bonds; cancellation 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. § 545.519 (2026).

Text

(1)Bonds shall be issued in accordance with ORS chapter 287A.

(2)Nothing in this section shall inhibit the district from providing for the irrigation or drainage in units or portions of units from time to time.

(3)The board by resolution entered on its records may cancel any bonds of the district that have not been sold or deposited as security for funds advanced or to be advanced, and that this state, the United States or any other person has no claim to or equity in. After the cancellation, the bonds shall not be sold or otherwise disposed of. After cancellation, the bonds shall be invalid and of no effect. The board may not replace bonds canceled under this subsection without authorization of the electors.

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(1) Bonds shall be issued in accordance with ORS chapter 287A.
(2) Nothing in this section shall inhibit the district from providing for the irrigation or drainage in units or portions of units from time to time.
(3) The board by resolution entered on its records may cancel any bonds of the district that have not been sold or deposited as security for funds advanced or to be advanced, and that this state, the United States or any other person has no claim to or equity in. After the cancellation, the bonds shall not be sold or otherwise disposed of. After cancellation, the bonds shall be invalid and of no effect. The board may not replace bonds canceled under this subsection without authorization of the electors.