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2019 Oregon Revised Statutes
Volume : 06 - Local Government, Public Employees, Elections
Chapter 223 - Local Improvements and Works Generally
Section 223.760 - H.O.L.C. bonds accepted in payment of assessment liens.
Universal Citation: OR Rev Stat § 223.760 (2019)
The governing body of any incorporated city may by ordinance provide that any or all special assessments levied against any tract or part thereof within the city and due the city, may be paid by bonds issued by the Home Owners’ Loan Corporation, created by Act of Congress as of June 13, 1933. The governing body shall in the ordinance prescribe the terms and conditions under which those bonds shall be accepted in payment of such assessments.
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