Oregon Statutes - Chapter 777 - Ports Generally - Section 777.585 - Refunding revenue bonds.

(1) A port may, without the necessity of authorization from the electors of the port, issue and sell its refunding revenue bonds for the purpose of redeeming revenue bonds which are outstanding or paying interest due thereon:

(a) At maturity pursuant to redemption provisions in the outstanding revenue bonds; or

(b) At any time before maturity if the holders of the outstanding revenue bonds consent or if the outstanding revenue bonds authorize redemption before maturity.

(2) ORS 777.560 to 777.590 apply to bonds authorized to be issued and sold under this section. [1955 c.423 §7; 1959 c.337 §6; 1965 c.223 §7; 1971 c.728 §90]

Section:  Previous  777.530  777.535  777.560  777.565  777.570  777.575  777.580  777.585  777.590  777.605  777.610  777.615  777.620  777.625  777.630  Next

Last modified: August 7, 2008