Oregon Code § 225.370·Enacted ·Last updated March 01, 2026
Statute Text
Terms
of bonds.
The city
governing body may determine the maturities and tenor of bonds issued under ORS
225.360. However, the bonds shall be serial in character and in accordance with
any provisions of law or charter. The bonds shall:
(1) Be payable in
not to exceed 30 years from the date of issuance thereof.
(2) Be sold at a
price to net the city not less than the par value thereof with accrued
interest.
(3) Bear interest
at not to exceed six percent per annum. [Amended by 2005 c.22 §170]
Plain English Explanation
This Oregon statute addresses Terms
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 225.370
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Terms
. 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 § 225.370. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.