ORS 381.650
Bond advertisement and sale

(1)

The bonds shall be advertised and sold to the highest bidder for cash.

(2)

The council shall advertise in one newspaper, if there is one, in the county in which the municipality is located, in one leading newspaper in Portland, Oregon, and in one leading financial newspaper in New York City for two weeks before any sale of bonds, the fact of the sale, inviting bids for the bonds and stating such facts as will interest prospective purchasers. For example, the date and place of sale, the terms of sale, the character of the bonds, the amount of interest and denomination of the bonds, the fact that all bids must be accompanied by a certified check for five percent of the amount of the payment, that any and all bids may be rejected, that the bonds may be sold for cash only and to the highest bidder and such other facts as may in the judgment of the council procure the most advantageous sale of the bonds may be stated.

(3)

All bids to purchase bonds must be sealed and accompanied by a certified check for five percent of the amount of the bid. The council may reject any and all bids.

Source: Section 381.650 — Bond advertisement and sale, https://www.­oregonlegislature.­gov/bills_laws/ors/ors381.­html.

381.005
Construction, acquisition and maintenance of Columbia River bridges 381.010
Agreements for carrying out powers 381.015
Requirements for request for proposals or invitation to bid 381.020
Using funds available for bridge expenses 381.080
ORS 381.005 to 381.020 as cumulative 381.096
Construction, acquisition and maintenance of Snake River bridges 381.098
Agreements for carrying out powers granted by ORS 381.096 381.100
Requirements for request for proposals or invitation to bid 381.205
Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports 381.210
Agreements for carrying out powers of counties, cities, towns and ports 381.215
Independent or cooperative action 381.220
Contents of agreement 381.225
Using funds available to public body for bridge expenses 381.227
Employment and compensation of attorneys 381.230
Using bond proceeds for bridge expenses 381.235
Formal requirements and conditions of bonds 381.237
Issuance of refunding revenue bonds 381.239
Revenue bonds and refunding revenue bonds are negotiable instruments 381.240
Incurring indebtedness for bridge expenses 381.245
Payment of bond principal and interest with bridge tolls 381.250
Acceptance of funds from United States and gifts 381.255
Selection of bridge sites 381.260
Plans and specifications for bridge construction 381.265
Provision in bridge plans for rail traffic 381.270
Bids for bridge construction 381.275
Contracts made in name of authority authorizing work 381.280
Bond required with certain contracts 381.285
Power to exercise eminent domain 381.290
Operation of bridge as free or toll bridge 381.295
Bridge, connecting road and approaches as state highway 381.300
Acquisition and operation of interstate ferry by bridge authority 381.302
Acquiring and operating interstate ferry by bridge authority as part of cost of acquiring interstate bridge 381.305
Authority conferred by ORS 381.205 to 381.300 is supplemental authority 381.310
Port of Hood River bridge projects 381.312
Tolls, administrative fees and civil penalties in connection with Port of Hood River bridges 381.314
Sale or transfer of Port of Hood River bridge or bridge project 381.405
“Construct,” “construction” and “county court” defined 381.410
Interstate bridges as permanent roads 381.415
Counties given state power to construct bridges 381.420
County financing construction of interstate bridges 381.440
Bond election 381.490
County bonding committee 381.495
Duties and powers of bonding committee 381.500
Terms and conditions of bonds 381.505
Registering bonds 381.510
Bond advertisement and sale 381.515
Custody and disbursement of bond proceeds 381.520
Tax to pay bond interest and principal 381.605
City construction, operation and financing of interstate bridges 381.611
Bond election 381.615
Majority vote required 381.635
Duties and powers of council 381.640
Terms and conditions of bonds 381.645
Registering bonds 381.650
Bond advertisement and sale 381.655
Custody and disbursement of bond proceeds 381.660
Use of tolls to pay bonded indebtedness and bridge maintenance 381.665
Tax for bridge expense not paid by tolls 381.670
Plans for bridge construction 381.824
Interstate bridges of other states or subdivisions made tax-exempt
Green check means up to date. Up to date

Current through early 2024

§ 381.650’s source at oregon​.gov