Oregon Code § 777.585·Enacted ·Last updated March 01, 2026
Statute Text
Refunding revenue bonds.
(1) A port may, without the necessity of authorization from the electors of the
port, issue and sell its refunding revenue bonds for the purpose of redeeming
revenue bonds which are outstanding or paying interest due thereon:
(a) At maturity
pursuant to redemption provisions in the outstanding revenue bonds; or
(b) At any time
before maturity if the holders of the outstanding revenue bonds consent or if
the outstanding revenue bonds authorize redemption before maturity.
(2) ORS 777.560
to 777.590 apply to bonds authorized to be issued and sold under this section. [1955
c.423 §7; 1959 c.337 §6; 1965 c.223 §7; 1971 c.728 §90]