Oregon Revised Statutes Chapter 280 § 280.445 — Factors considered in determining whether to issue bonds

Factors considered in determining whether to issue bonds. In determining whether to issue revenue bonds under ORS 280.410 to 280.485, the governing body of the city shall consider: (1) The bond market for the types of bonds proposed for issuance. (2) The terms and conditions of the proposed issue. (3) Whether the borrower, lessee or purchaser is financially responsible and fully capable and willing to fulfill its obligations under the loan agreement, agreement of lease or contract, including the obligation to pay rent in the amounts and at the times required, the obligation to operate, repair and maintain at its own expense the project financed, leased or sold, and to serve the purposes of ORS 280.410 to