Oregon Statutes - Chapter 225 - Municipal Utilities - Section 225.260 - Use of proceeds of bond issues.

The proceeds of bond issues issued after June 6, 1931, by authority of charter provisions of the city for the purpose of creating, acquiring, building, improving, enlarging, altering or repairing the plant or system referred to by ORS 225.210 shall be used exclusively for the purposes for which such bonds were authorized and issued.

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Last modified: August 7, 2008