Oregon Code § 440.385·Enacted ·Last updated March 01, 2026
Statute Text
Pledge
of income and revenues to secure payment of bonds.
(1) For the purpose of
additionally securing the payment of the principal of and interest on general
obligation bonds issued under ORS 440.375, a health district may, by resolution
of the district board, which resolution shall constitute part of the contract
with the holders of such general obligation bonds, pledge all or any part of
the net income or revenue of its properties.
(2) The district
board may adopt such a resolution without submitting the question of such
pledge to electors of the health district. [Formerly 441.350]
Plain English Explanation
This Oregon statute addresses Pledge
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 440.385
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Pledge
. Read the full statute text above for details.
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The formal citation is Oregon Code § 440.385. Use this format in legal documents and court filings.
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