Oregon Statutes - Chapter 370 - County Road Bonding Act - Section 370.170 - Special bond redemption funds.

Beginning with the fourth year after the bonds are sold the county court shall each year thereafter, until maturity of the bonds, set aside as a special fund for their payment such percentage of the face value of the bonds as at the date of their maturity shall aggregate their full face value. Where bonds are issued in different series maturing at different times a separate redemption fund shall be provided for each series.

Section:  Previous  370.100  370.110  370.120  370.130  370.140  370.150  370.160  370.170  370.180  370.190  370.200  370.210  370.220  370.230  370.240  Next

Last modified: August 7, 2008