(1) Except as limited by express provision or necessary implication of general law, a city may take all action necessary or convenient for the government of its local affairs.
(2)(a) A city may not, unless authorized to do so by its electors, contract a voluntary floating indebtedness in excess of the sum of $5,000 for general city purposes. A city official or employee who creates or officially approves such an indebtedness in excess of the limitation shall be liable for the amount of the excess.
(b) Notwithstanding paragraph (a) of this subsection, a city may contract a voluntary floating indebtedness in excess of the sum of $5,000 for general city purposes without an election specifically approving the indebtedness if authorized to do so by a statute or charter.
(3) As used in this section, “city” has the meaning given that term in ORS 221.010. [Amended by 2003 c.195 §9]Section: Previous 221.357 221.359 221.360 221.370 221.380 221.390 221.400 221.410 221.415 221.417 221.420 221.430 221.440 221.450 221.460 Next
Last modified: August 7, 2008