Oregon Revised Statutes Chapter 370 § 370.240 — Warrants in lieu of bonds
Oregon Revised Statutes Chapter 370 ·
Oregon Code § 370.240·Enacted ·Last updated March 01, 2026
Statute Text
Warrants in lieu of bonds.
(1) After the issuance of bonds has been authorized by an election held in
accordance with ORS 370.031, 370.120 and 370.130, the county court, in lieu of
the issuance of any or all such bonds, may issue warrants drawn upon the county
treasury for the purpose of securing any or all funds sought to be secured by
the issuance of such bonds.
(2) These
warrants shall be in denominations of $50, or multiples thereof up to $1,000,
and shall bear the same rate of interest as the bonds would bear in lieu of
which the warrants are issued.
(3) No such
warrants shall become due at any specified time, but shall be redeemable by the
county at any time in the same manner as other county warrants are redeemed or
paid. [Amended by 1983 c.350 §237]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 370.240
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Warrants in lieu of bonds. Read the full statute text above for details.
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The formal citation is Oregon Code § 370.240. Use this format in legal documents and court filings.
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