ORS 777.570 Form of bonds
Revenue bonds issued under ORS 777.560 (1):
Shall be negotiable instruments.
Shall be issued under ORS chapter 287A, but the requirements of ORS 287A.150 do not apply.
Shall contain a recital that principal and interest on the revenue bonds are payable solely out of revenues and property of the port pledged to the payment thereof by the ordinance of the board authorizing the issue of which the bonds are a part.
May contain covenants of the port to protect and safeguard the security and rights of holders of such bonds and such other terms and conditions, in conformity with ORS 777.560 to 777.590, which the board determines are necessary or desirable to protect the port or increase the marketability of the bonds.
Official sources · 2Tap to view provenance and version history
Provenance
2023 Oregon Revised Statutes
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
c4cb3d46…04eaa566- Review
- auto verified
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.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source