Any irrigation district desiring to refund its outstanding indebtedness or issue bonds for any purpose may use the procedure provided by ORS 545.565 to 545.621 instead of other procedures provided by law. Before any decision is made to issue bonds under those sections the board of directors shall enter a resolution stating the purpose for which the bonds are to be issued and, if the bonds are to be used for refunding indebtedness, describing the bonds and indebtedness to be retired by the refunding bonds or from the proceeds of the sale of the refunding bonds. [Formerly 545.242]
Section: Previous 545.553 545.555 545.557 545.559 545.562 545.563 545.564 545.565 545.567 545.569 545.571 545.573 545.575 545.577 545.579 NextLast modified: August 7, 2008