(1) For the purpose of additionally securing the payment of the principal of and interest on general obligation bonds issued under ORS 440.375, a health district may, by resolution of the district board, which resolution shall constitute part of the contract with the holders of such general obligation bonds, pledge all or any part of the net income or revenue of its properties.
(2) The district board may adopt such a resolution without submitting the question of such pledge to electors of the health district. [Formerly 441.350]
Section: Previous 440.350 440.355 440.360 440.365 440.370 440.375 440.380 440.385 440.390 440.395 440.397 440.400 440.403 440.405 440.410 NextLast modified: August 7, 2008