ORS 225.360
Approval, issuance, payment of bonds

For the purposes of ORS 225.320 (Ownership and operation of irrigation and fire protection facilities by city within or without city limits), the city governing body may, after referring the question of acquiring and constructing the facilities to a vote of the electors of the city and after approval thereof by a majority of the electors, authorize the issuance of and cause to be issued bonds of the city for such purposes, either general obligation, limited obligation or self-liquidating in character, in a sum not more than the amount authorized at such election and subject to the provisions of ORS 225.370 (Terms of bonds) and 225.380 (Application of debt limitations). Bonds so authorized and issued may provide for payment of both principal and interest thereon from service charges to be imposed by the city governing body for services to be extended and through employment and use of the irrigation and fire protection facilities. If service charges are imposed to be so paid, such portion thereof as may be deemed sufficient shall be set aside as a sinking fund for payment of interest on the bonds and the principal thereof at maturity.

Source: Section 225.360 — Approval, issuance, payment of bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors225.­html.

225.010
Definition of “city.” 225.020
Ownership and operation of utilities by city within and without city limits 225.030
Utility may provide services within or without city limits 225.040
Validation of prior municipal contracts 225.050
Joint construction, ownership and operation of waterworks 225.060
Several or joint ownership, operation and financing of municipal utilities in another state 225.070
Use of surplus city waters for federal military purposes 225.080
Financing costs of municipal waterworks or water system 225.085
Klamath Cogeneration Project 225.110
Ownership and operation of telephone system by city within or without city limits 225.120
Interconnections 225.130
Right to acquire property 225.140
Condemnation of private property for telephone system 225.150
Compensation 225.160
Alternate condemnation proceeding 225.210
Compliance with rate statutes 225.220
Enforcement of statutory requirements 225.230
Rates set in accordance with estimates of annual expenses 225.240
Sole authority to set rates 225.250
Application of earnings 225.260
Use of proceeds of bond issues 225.270
Use of surplus revenue 225.280
Warrants on future income 225.290
Right to acquire use of unappropriated state waters 225.300
Filing for use of unappropriated state waters 225.310
Definitions for ORS 225.310 to 225.400 225.320
Ownership and operation of irrigation and fire protection facilities by city within or without city limits 225.330
Acquisition of property for facilities 225.340
Establishing rates 225.350
Recovery of service charges 225.360
Approval, issuance, payment of bonds 225.370
Terms of bonds 225.380
Application of debt limitations 225.390
Preparation and examination of plans 225.400
Scope of municipal authority 225.450
Definitions for ORS 225.450 to 225.490 225.460
Policy 225.470
Authority of city to acquire interest in power facilities 225.480
City liability 225.490
Use of municipal money or property
Green check means up to date. Up to date

Current through early 2024

§ 225.360’s source at oregon​.gov