Oregon Law
Law as of Jan 1, 2026
Chapter contents
370.005[Repealed by 1983 c.327 §16] 370.010Authority to issue bonds 370.020Road work plans, specifications and bids 370.030[Repealed by 1983 c.350 §232 (370.031 enacted in lieu of 370.030)] 370.031Election procedure to determine issuance of bonds under ORS 370.010 370.040[Repealed by 1983 c.350 §331a] 370.050[Repealed by 1983 c.350 §331a] 370.060[Repealed by 1983 c.350 §331a] 370.070[Repealed by 1983 c.350 §331a] 370.080[Repealed by 1973 c.549 §1 (370.082 enacted in lieu of 370.080)] 370.082[1973 c.549 §2 (enacted in lieu of 370.080); repealed by 1983 c.350 §331a] 370.084[1973 c.549 §3; repealed by 1983 c.350 §331a] 370.086[1973 c.549 §4; repealed by 1983 c.350 §331a] 370.090[Repealed by 1983 c.350 §331a] 370.100[Repealed by 1983 c.350 §331a] 370.110[Repealed by 1983 c.350 §331a] 370.120County court’s use of money raised by sale of bonds 370.130Order declaring election results; contents and effect 370.140Issuance of bonds 370.150Issuance of serial in lieu of term bonds 370.160Option to issue redeemable term or serial bonds 370.170Special bond redemption funds 370.180Tax levy for redemption fund and bond interest 370.190[Repealed by 1967 c.451 §32] 370.200Loan of redemption funds 370.210[Repealed by 1967 c.451 §32] 370.220[Repealed by 1967 c.451 §32] 370.230[Repealed by 1967 c.451 §32] 370.240Warrants in lieu of bonds 370.250[Repealed by 1981 c.153 §79]

Chapter 370 — County Road Bonding Act

ORS 370.240 Warrants in lieu of bonds

(1)

After the issuance of bonds has been authorized by an election held in accordance with ORS 370.031, 370.120 and 370.130, the county court, in lieu of the issuance of any or all such bonds, may issue warrants drawn upon the county treasury for the purpose of securing any or all funds sought to be secured by the issuance of such bonds.

(2)

These warrants shall be in denominations of $50, or multiples thereof up to $1,000, and shall bear the same rate of interest as the bonds would bear in lieu of which the warrants are issued.

(3)

No such warrants shall become due at any specified time, but shall be redeemable by the county at any time in the same manner as other county warrants are redeemed or paid.

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