If any property owned by a political subdivision is held as an asset of any special trust fund securing the payment of bonds, it may be exchanged, under the authority granted in ORS 271.310, for other property of equal or superior value, and property so received in exchange shall be an asset of the fund in lieu of the property previously held. [Amended by 1981 c.787 §28]
Section: Previous 271.190 271.200 271.210 271.220 271.230 271.300 271.310 271.320 271.330 271.335 271.340 271.350 271.360 271.370 271.375 NextLast modified: August 7, 2008