Oregon Law
Law as of Jan 1, 2024
Chapter contents
225.010Definition of “city.” 225.020Ownership and operation of utilities by city within and without city limits 225.030Utility may provide services within or without city limits 225.040Validation of prior municipal contracts 225.050Joint construction, ownership and operation of waterworks; financing 225.060Several or joint ownership, operation and financing of municipal utilities in another state 225.070Use of surplus city waters for federal military purposes 225.080Financing costs of municipal waterworks or water system; benefit assessments 225.085Klamath Cogeneration Project; service contracts; prohibited transactions 225.110Ownership and operation of telephone system by city within or without city limits 225.120Interconnections; cooperation with state 225.130Right to acquire property 225.140Condemnation of private property for telephone system 225.150Compensation 225.160Alternate condemnation proceeding 225.210Compliance with rate statutes 225.220Enforcement of statutory requirements 225.230Rates set in accordance with estimates of annual expenses 225.240Sole authority to set rates 225.250Application of earnings 225.260Use of proceeds of bond issues 225.270Use of surplus revenue 225.280Warrants on future income; limitations; retirement 225.290Right to acquire use of unappropriated state waters 225.300Filing for use of unappropriated state waters; limitations; determination of reasonable requirements 225.310Definitions for ORS 225.310 to 225.400 225.320Ownership and operation of irrigation and fire protection facilities by city within or without city limits 225.330Acquisition of property for facilities 225.340Establishing rates 225.350Recovery of service charges 225.360Approval, issuance, payment of bonds 225.370Terms of bonds 225.380Application of debt limitations 225.390Preparation and examination of plans 225.400Scope of municipal authority 225.450Definitions for ORS 225.450 to 225.490 225.460Policy 225.470Authority of city to acquire interest in power facilities 225.480City liability; application of moneys; use of eminent domain prohibited 225.490Use of municipal money or property; revenue bonds

Chapter 225 — Municipal Utilities

ORS 225.370 Terms of bonds

The city governing body may determine the maturities and tenor of bonds issued under ORS 225.360. However, the bonds shall be serial in character and in accordance with any provisions of law or charter. The bonds shall:

(1)

Be payable in not to exceed 30 years from the date of issuance thereof.

(2)

Be sold at a price to net the city not less than the par value thereof with accrued interest.

(3)

Bear interest at not to exceed six percent per annum.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.