There is a newer version of the Oregon Revised Statutes
2013 Oregon Revised Statutes
Volume : 11 - Public Health, Housing, Environment
Chapter 457 - Urban Renewal
Section 457.320 - Municipal assistance under plan; assumption by agency of general obligation bond payments of municipality.
OR Rev Stat § 457.320 (2013) What's This?
In addition to the other powers granted a municipality under this chapter, a municipality may exercise any of its powers otherwise provided by law to assist in the planning or the carrying out of an urban renewal plan. Without limiting the powers granted by the preceding sentence, a municipality may issue its general obligation bonds for the purpose of assisting in the planning or the carrying out of an urban renewal plan. The urban renewal agency of the municipality may assume payment of the general obligation bonds and may use any of the moneys available to it for that purpose. [1957 c.456 §17; 1979 c.621 §21]
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