Whenever any purchaser of state lands holding a certificate of sale therefor has paid three-fifths or more of the purchase price thereof, the Director of the Department of State Lands may execute a deed conveying the lands to such purchaser, upon the purchaser’s executing:
(1) A note for the remainder of the purchase price; and
(2) A mortgage on the premises in the same form and manner as other mortgages are executed for loans from the Common School Fund under ORS 327.405 to 327.480. [Formerly 273.150; 1969 c.594 §23]
Section: Previous 273.271 273.275 273.280 273.281 273.285 273.290 273.295 273.300 273.305 273.306 273.310 273.311 273.315 273.316 273.320 NextLast modified: August 7, 2008