The municipal authorities may issue bonds for the costs and expenses of acquiring the private property for any of the purposes mentioned in ORS 226.320 to 226.380. The bonds shall be at such rate of interest and for such length of time as the municipal authorities determine, shall be advertised and sold in such manner as the municipal authorities determine and shall be a general obligation of the city. The municipal authorities shall, at the time of issuing the bonds, make provisions for the payment of interest and a sinking fund for the retirement thereof.
Section: Previous 226.320 226.330 226.340 226.350 226.360 226.370 226.380 226.390 226.400 226.410 226.420 226.430 226.440 226.450 226.480 NextLast modified: August 7, 2008