Provisions Applicable Both to Drainage Districts and to Irrigation

ORS 548.330
Bonds for refunding indebtedness

  • validity not affected by irregularities of refunded obligations


All bonds of any irrigation or drainage district authorized or issued by the district in the manner provided by ORS 548.305 (Contracts for federal loans) to 548.325 (Charges or assessments), for the purpose of refunding any outstanding bonds or warrants of the district in accordance with the terms and provisions of a contract therefor between the district and any governmental agency of the United States shall constitute legal and binding obligations of the district, notwithstanding any irregularities or defects in the authorization of or issuance of any of the bonds or warrants to be refunded. [Amended by 1989 c.182 §33]

Source

Last accessed
Jun. 26, 2021