Oregon Law
Law as of Jan 1, 2026
Chapter contents
266.010Definitions 266.020[Repealed by 1971 c.647 §149] 266.030[1961 c.587 §4; 1969 c.668 §2; repealed by 1971 c.727 §203] 266.040Application of ORS chapter 255 to district 266.110Petition for formation 266.115[1961 c.587 §3; 1969 c.668 §4; repealed by 1971 c.727 §203] 266.120[Amended by 1969 c.668 §5; repealed by 1971 c.727 §203] 266.130[Amended by 1969 c.668 §6; repealed by 1971 c.727 §203] 266.140[Amended by 1969 c.668 §7; repealed by 1971 c.727 §203] 266.150[Repealed by 1971 c.647 §149 and by 1971 c.727 §203] 266.160[Amended by 1969 c.668 §8; repealed by 1971 c.647 §149] 266.170[Amended by 1969 c.668 §9; repealed by 1971 c.647 §149] 266.180[Amended by 1969 c.668 §10; repealed by 1971 c.727 §203] 266.310Officers of district; qualifications 266.320Number of board members elected at formation election; terms of office 266.325Changing number of board members; election; notice to Secretary of State 266.330Election of board members; terms 266.335Continuing schedule of biennial elections after change in number of board members; powers of Secretary of State 266.340Oath of office of board members 266.350[Repealed by 1971 c.403 §18] 266.360[Amended by 1957 c.57 §5; 1969 c.668 §15; repealed by 1969 c.668 §46 and by 1969 c.669 §21] 266.370Board as governing power; president and secretary; meetings 266.375Manner of electing board members 266.380Changing manner of electing board members; requirements; election 266.385Boundaries of zones for board members; adjustment for population and boundary changes; filing of boundary change with county assessor and Department of Revenue 266.410General district powers 266.420[Amended by 1963 c.9 §11; 1969 c.668 §17; 1983 c.773 §3; 1991 c.459 §362; repealed by 2023 c.173 §1] 266.430Sinking funds 266.440Deposit and disbursement of district moneys 266.450Regulations and orders adopted by board; penalty for violating regulation 266.460District attorney to aid board; special counsel 266.470[Amended by 1969 c.668 §21; 1971 c.268 §15; 1973 c.220 §2; repealed by 2011 c.597 §118] 266.480Power to contract bonded indebtedness for certain purposes 266.490Bond election at discretion of board or on petition 266.500[Amended by 1969 c.668 §24; repealed by 1971 c.647 §149] 266.510[Amended by 1963 c.9 §12; repealed by 1969 c.668 §25 (266.512 enacted in lieu of 266.510 and 266.520)] 266.512Authority for general obligation bonds; issuance and sale of general obligation bonds and revenue bonds 266.514Revenue bonds; issuance; conditions 266.516Refunding bonds 266.518Contracting with United States for facilities 266.520[Repealed by 1969 c.668 §25 (266.512 enacted in lieu of 266.510 and 266.520)] 266.530Registration and delivery of bonds; disposition of proceeds 266.540[Amended by 1969 c.668 §28; repealed by 2023 c.173 §1] 266.550[Amended by 1969 c.668 §29; repealed by 2023 c.173 §1] 266.560Redemption of bonds; notice 266.570[Repealed by 1969 c.668 §47] 266.580Payment of bond principal and interest; payment of collection commission 266.590Validation of certain bond issues 266.610[1967 c.574 §3; 1969 c.668 §33; repealed by 1971 c.727 §203] 266.620[1967 c.574 §4; 1969 c.668 §34; repealed by 1971 c.727 §203] 266.630[1967 c.574 §5; 1969 c.668 §35; repealed by 1971 c.727 §203] 266.640[1967 c.574 §6; 1969 c.668 §36; repealed by 1971 c.727 §203] 266.650[1967 c.574 §7; repealed by 1971 c.727 §203] 266.660[1969 c.668 §38; repealed by 1971 c.727 §203] 266.670[1969 c.668 §39; repealed by 1971 c.727 §203] 266.680[1969 c.668 §40; repealed by 1971 c.727 §203] 266.710[1967 c.574 §8; 1969 c.668 §42; repealed by 1971 c.727 §203] 266.720[1967 c.574 §§9, 10; 1969 c.668 §43; repealed by 1971 c.727 §203] 266.730[1967 c.574 §11; 1969 c.668 §44; repealed by 1971 c.727 §203] 266.740[1967 c.574 §12; 1971 c.647 §61; repealed by 1971 c.727 §203] 266.750[1967 c.574 §13; repealed by 1971 c.727 §203]

Chapter 266 — Park and Recreation Districts

ORS 266.512 Authority for general obligation bonds; issuance and sale of general obligation bonds and revenue bonds

(1)

Whenever authorized by the electors, the district board may issue general obligation bonds of the district, not exceeding the principal amount stated in the notice of election and for the purpose therein named.

(2)

The aggregate amount of general obligation bonds issued and outstanding at any one time shall in no case exceed two and one-half percent of the real market value of all taxable property of the district, computed in accordance with ORS 308.207.

(3)

General obligation or revenue bonds must recite that they are issued under this chapter. All bonds shall be signed by the president of the district board and attested by the secretary. The interest coupons thereto annexed shall be signed by the president and secretary, by their original or engraved facsimile signatures.

(4)

All general obligation and revenue bonds issued, including refunding bonds, shall be issued as prescribed in ORS chapter 287A.

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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.