Oregon Code § 223.886·Enacted ·Last updated March 01, 2026
Statute Text
Loans
authorized to finance improvements; security for loans; consent of electors.
In carrying out the powers
conferred by ORS 223.882, the city may borrow money from any person,
corporation or agency of the United States Government for the purchase of any
real property described in ORS 223.882, or for paying the cost of improvements on
any real property, which improvements may include the construction of docks,
wharves or other structures and appurtenant appliances or fixtures or machinery
necessarily required to operate a wharf or dock. In borrowing money for any of
these purposes the cities may secure money so borrowed by executing and giving
a mortgage or similar indenture on any such real property and its revenues. If
repayment of money borrowed for acquisition or improvement of any such real
property is not to be secured solely by the real property and the income
derived therefrom, then, before a debt for the purpose of this section or ORS
Plain English Explanation
This Oregon statute addresses Loans
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 223.886
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loans
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 223.886. Use this format in legal documents and court filings.
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