(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 NextLast modified: August 7, 2008