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2019 Oregon Revised Statutes
Volume : 12 - Public Health
Chapter 450 - Sanitary Districts and Authorities; Water Authorities
Section 450.110 - District bonds; denomination; place of payment; interest.
Universal Citation: OR Rev Stat § 450.110 (2019)
(1) General obligation or revenue bonds shall be of such denominations as the district board determines, except that no bonds shall be of a denomination greater than $5,000.
(2) All bonds shall be payable in lawful money of the United States at a place named by the district board, and shall bear interest at a rate determined by the district board, payable semiannually. [Amended by 1969 c.563 §14; 1981 c.94 §37; 2001 c.373 §3]
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