2011 Oregon Revised Statutes
ORS Volume 10, Chapters 366 - 430
ORS Chapter 376
376.795 Manner of assessment; sale of bonds representing unpaid assessments.
(1) Such assessment may be levied and bonds to represent unpaid assessments issued and sold substantially in the manner provided in ORS 223.005 to 223.105 and 223.205 to 223.930, and to the extent applicable, such law shall govern as to the preparation of the assessment, the lands subject to assessment, the hearing upon the assessment and the notice thereof, the confirmation and recordation of the assessment, the lien of the assessments, the notice of recordation, the collection of assessments, the issuance, sale and delivery of bonds upon unpaid assessments, the term of the bonds, the maximum interest rate thereon, the collection and enforcement of such bonds and all other matters to the extent applicable and except as provided in ORS 376.705 to 376.825.
(2) In so applying the provisions of ORS 223.005 to 228.105 and 223.205 to 223.930, the following provisions and exceptions shall apply:
(a) The limits provided by such law on the amount of the assessment shall not apply.
(b) The legislative body shall provide for the form of the bonds and of the principal and interest coupons to be attached thereto.
(c) The legislative body may provide that the redemption provision of the bonds shall require the payment of such premium as the legislative body may specify. [1961 c.666 27,28]
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