(1) The board may, without authorization from the electors, issue refunding bonds for the purpose of refunding outstanding bonds issued under ORS 450.895 to 450.920.
(2) The provisions of ORS 287A.360 to 287A.380 are applicable to refunding bonds issued and sold under this section.
(3) The refunding bonds may be issued to refund bonds originally issued or to refund bonds previously issued for refunding purposes and for no other purpose. [1955 c.614 §47; 2007 c.783 §189]
Section: Previous 450.895 450.897 450.900 450.905 450.910 450.915 450.920 450.925 450.930 450.935 450.940 450.945 450.947 450.949 450.950 NextLast modified: August 7, 2008