Oregon Statutes - Chapter 568 - Soil and Water Conservation; Water Quality Management - Section 568.490 - Directors to wind up affairs and dispose of property; application and certificate to Secretary of State.

(1) The State Department of Agriculture shall publish the results of the referendum and shall record and certify such determination to the directors of the district. If a two-thirds majority of those voting votes for terminating the district, the directors shall forthwith proceed to wind up the affairs of the district. The directors shall dispose of all property belonging to the district at public auction and shall pay over the proceeds of such sale to be conveyed into the State Treasury.

(2) The directors shall thereupon file an application, duly verified, with the Secretary of State for the discontinuance of the district, and shall transmit with the application the certificate of the department setting forth the results of the referendum and stating that the property of the district has been disposed of and the proceeds paid over as in this section provided, and shall set forth a full accounting of such properties and proceeds of the sale. The Secretary of State shall issue to the directors a certificate of dissolution and shall record such certificate in an appropriate book of record in the office of the secretary. [Amended by 1955 c.142 §14; 1981 c.92 §23]

Section:  Previous  568.435  568.440  568.445  568.450  568.460  568.470  568.480  568.490  568.500  568.510  568.515  568.520  568.530  568.540  568.542  Next

Last modified: August 7, 2008