ORS 376.795
Manner of assessment
- sale of bonds representing unpaid assessments
(1)
Such assessment may be levied and bonds to represent unpaid assessments issued and sold substantially in the manner provided in ORS 223.005 (Appropriation and condemnation for public use within and without city limits) to 223.105 (Proceedings to condemn property for city improvements when owner and city disagree on price) and 223.205 (Scope and application) to 223.930 (Streets along city boundaries or partly within and without city), and to the extent applicable, such law shall govern as to the preparation of the assessment, the lands subject to assessment, the hearing upon the assessment and the notice thereof, the confirmation and recordation of the assessment, the lien of the assessments, the notice of recordation, the collection of assessments, the issuance, sale and delivery of bonds upon unpaid assessments, the term of the bonds, the maximum interest rate thereon, the collection and enforcement of such bonds and all other matters to the extent applicable and except as provided in ORS 376.705 (Definitions for ORS 376.705 to 376.825) to 376.825 (Improvements on mall).(2)
In so applying the provisions of ORS 223.005 (Appropriation and condemnation for public use within and without city limits) to 223.105 (Proceedings to condemn property for city improvements when owner and city disagree on price) and 223.205 (Scope and application) to 223.930 (Streets along city boundaries or partly within and without city), the following provisions and exceptions shall apply:(a)
The limits provided by such law on the amount of the assessment shall not apply.(b)
The legislative body shall provide for the form of the bonds and of the principal and interest coupons to be attached thereto.(c)
The legislative body may provide that the redemption provision of the bonds shall require the payment of such premium as the legislative body may specify. [1961 c.666 §§27,28]
Source:
Section 376.795 — Manner of assessment; sale of bonds representing unpaid assessments, https://www.oregonlegislature.gov/bills_laws/ors/ors376.html.
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