Notice of the call of bonds before maturity shall be given in the manner provided for retirement of irrigation district bonds before maturity. No bond issued under ORS 547.655 to 547.695 shall be called for payment before maturity except upon the day for payment of interest, or interest and principal, on the bond and on or after the day specified in the notice of call. All interest on bonds described in the notice shall cease after the day of the call, provided that on that date there are sufficient funds in the bond fund of the district to pay the call bonds.
Section: Previous 547.615 547.620 547.655 547.660 547.665 547.670 547.675 547.680 547.685 547.690 547.695 547.697 547.755 547.760 547.990 NextLast modified: August 7, 2008