(1) The governing body of every municipality by ordinance or resolution without prior approval of the electors may issue and exchange or sell refunding revenue bonds to refund, pay or discharge all or any part of its outstanding revenue bonds, including interest thereon, if any, in arrears or about to become due.
(2) All other relevant provisions in ORS 454.105 to 454.175 pertaining to revenue bonds shall be applicable to the refunding revenue bonds, including their terms and security, the rates and other aspects of the bonds. [Formerly 449.430]
Section: Previous 454.050 454.060 454.105 454.115 454.125 454.135 454.145 454.155 454.165 454.175 454.205 454.215 454.225 454.235 454.245 NextLast modified: August 7, 2008