Oregon Revised Statutes Chapter 553 § 553.650 — Property liable for indebtedness of district
Oregon Revised Statutes Chapter 553 ·
Oregon Code § 553.650·Enacted ·Last updated March 01, 2026
Statute Text
Property liable for indebtedness of district.
In addition to the provisions for the payment of
bonds and interest by taxation and other provisions of this chapter, all the
property of the subdistrict, including irrigation and other works, shall be
liable for the indebtedness of the subdistrict. The holder of the bonds, or the
United States in case contract has been executed by the United States, may, in
case of default in the payment of interest or principal on the bonds, or the
amount due on the contract, upon the order of the circuit court, take possession
of the works of the subdistrict and operate the same until the amount in
default is fully paid. [1965 c.623 §24]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 553.650
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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