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2011 Oregon Revised Statutes
ORS Volume 9, Chapters 326 - 365
ORS Chapter 357
357.040 Authority of trustees over real and personal property.


OR Rev Stat § 357.040 (through Leg Sess 2011) What's This?

(1) The Trustees of the State Library may acquire control and dispose of any and all real and personal property given to or for the benefit of the State Library by private donors, whether the gifts of the property are made to the State Library or to the trustees thereof or to the State of Oregon for the benefit of the library.

(2) The trustees may accept by assignment and hold mortgages upon real and personal property acquired by way of gift or arising out of transactions entered into in accord with the powers, duties and authority given by this section, ORS 357.015 (6) and 357.195 to the trustees.

(3) The trustees may institute, maintain and participate in suits, actions and other judicial proceedings in the name of the State of Oregon for the foreclosure of such mortgages or for the purpose of carrying into effect any and all of the powers, duties and authority now vested in or given by this section, ORS 357.015 (6) and 357.195 to the trustees. [Amended by 1975 c.476 11; 1995 c.69 11]

(State Librarian)

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