Oregon Revised Statutes Chapter 450 § 450.125 — Payment of bonds; issuance of improvement bonds
Oregon Revised Statutes Chapter 450 ·
Oregon Code § 450.125·Enacted ·Last updated March 01, 2026
Statute Text
Payment of bonds; issuance of improvement bonds.
(1) All general obligation and
revenue bonds shall be paid within a period of 30 years and in annual
installments of such amounts as will make the combined amount of principal and
interest payable each year as nearly equal as practicable during the years of
payment.
(2) Improvement
bonds may be issued in the manner provided by ORS 223.205 and 223.210 to
223.295 without submitting the question of their issuance to the electors of
the district. [Amended by 1955 c.612 §2; 1969 c.563 §15; 1983 c.350 §270]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 450.125
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Payment of bonds; issuance of improvement bonds. Read the full statute text above for details.
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