Oregon Code § 280.475·Enacted ·Last updated March 01, 2026
Statute Text
Limitations of bonds; recitals.
(1) Revenue bonds issued under ORS 280.410 to 280.485:
(a) Shall not be
payable from nor charged upon any funds other than the revenue pledged to the
payment thereof, except as provided in this section, nor shall the city be
subject to any liability thereon. No holder or holders of such bonds shall ever
have the right to compel any exercise of the taxing power of the city to pay
any such bonds or the interest thereon, nor to enforce payment thereof against
any property of the city except those projects or portions thereof, mortgaged
or otherwise encumbered under the provisions and for the purposes of ORS
Plain English Explanation
This Oregon statute addresses Limitations of bonds; recitals. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 280.475
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Limitations of bonds; recitals. Read the full statute text above for details.
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The formal citation is Oregon Code § 280.475. Use this format in legal documents and court filings.
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