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2017 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 280 - Financing of Local Public Projects and Improvements; City and County Economic Development
Section 280.460 - Refunding bonds.
Universal Citation: OR Rev Stat § 280.460 (2017)
The city shall have the power, whenever it deems refunding expedient, to refund any bonds issued under ORS 280.410 to 280.485 by the issuance of new bonds, whether the bonds to be refunded have or have not matured. The refunding bonds may be exchanged for bonds to be refunded and the proceeds applied to the purchase, redemption or payment of such bonds. [1977 c.772 §11]
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