The city shall have the power, whenever it deems refunding expedient, to refund any bonds issued under ORS 280.410 to 280.485 by the issuance of new bonds, whether the bonds to be refunded have or have not matured. The refunding bonds may be exchanged for bonds to be refunded and the proceeds applied to the purchase, redemption or payment of such bonds. [1977 c.772 §11]
Section: Previous 280.432 280.435 280.440 280.442 280.445 280.450 280.455 280.460 280.465 280.470 280.475 280.480 280.482 280.485 280.500 NextLast modified: August 7, 2008