(1) The bonds mentioned in ORS 381.420 shall:
(a) Be in denominations of $100 or more, but not exceeding $1,000.
(b) Run not to exceed 30 years from the date of issuance.
(c) Bear interest at a rate not to exceed six percent per year, payable on January 1 and July 1.
(d) Have interest coupons attached to them, one coupon for each interest payment that will be made.
(e) Be signed by the judge of the county court or chairperson of the board of county commissioners and the county clerk. The interest coupons shall bear the printed facsimile signatures of the county judge or chairperson of the board of county commissioners and the county clerk.
(f) Be sealed with the seal of the county.
(g) Bear the certificate of the county treasurer over the signature of the county treasurer that they have been registered in the office of the county treasurer, naming the date of register.
(2) The bonds and interest coupons shall:
(a) Be lithographed or printed on good bond paper.
(b) Be made payable to bearer, in any coin or currency which, at the time of payment, is legal tender for the payment of public and private debts within the United States.
(c) Be paid by the county treasurer upon presentation at the office of the county treasurer or at the fiscal agency of the state in New York City, upon the date of payment named thereon.
Section: Previous 381.465 381.470 381.475 381.480 381.485 381.490 381.495 381.500 381.505 381.510 381.515 381.520 381.605 381.610 381.611 NextLast modified: August 7, 2008