Bonds issued under ORS 454.115 or the proceedings of the governing body authorizing their issuance may contain such covenants as the governing body considers advisable concerning:
(1) Rates or fees to be charged for services rendered by the disposal system, the revenue of which is pledged to the payment of such bonds.
(2) Deposit and use of the revenue of such disposal system.
(3) Issuance of additional bonds payable from the revenue of such disposal system.
(4) Rights of the bondholders in case of default in the payment of the principal of or interest on the bonds, including the appointment of a receiver to operate such disposal system. [Formerly 449.425]Section: Previous 454.040 454.050 454.060 454.105 454.115 454.125 454.135 454.145 454.155 454.165 454.175 454.205 454.215 454.225 454.235 Next
Last modified: August 7, 2008