The directors of School District No. 1 of Klamath County are appointed as a board of common school fund commissioners for the district to approve all applications for loans as to title and value of the security offered. The security shall be real property in Klamath County of at least double the value of the loan. The clerk of the district shall make no loan or release any security without prior board approval.
Section: Previous 328.125 328.130 328.135 328.140 328.155 328.160 328.165 328.170 328.175 328.180 328.185 328.190 328.205 328.210 328.213 NextLast modified: August 7, 2008