ORS 381.237
Issuance of refunding revenue bonds


(1)

Any county, city, town or port mentioned in ORS 381.205 (Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports), heretofore or hereafter issuing its revenue bonds under ORS 381.205 (Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports) to 381.314 (Sale or transfer of Port of Hood River bridge or bridge project), may thereafter issue and sell its refunding revenue bonds for the purpose of refinancing and redeeming such outstanding revenue bonds at maturity pursuant to redemption provisions, or at any time before maturity either with the consent of the holders thereof or if the bonds shall so provide.

(2)

In determining the amount of refunding revenue bonds to be issued:

(a)

Due credit shall be given for the application of any sinking funds available for the payment of such outstanding revenue bonds, less appropriate reserves deemed necessary to be retained on account of the refunding revenue bonds.

(b)

There may be included in determining such amount the costs and expenses in connection with the issuance and sale of the refunding revenue bonds, the premium, if any, to be paid on any of the revenue bonds to be refunded, the unpaid interest to accrue on the revenue bonds to be refunded prior to the retirement thereof, and the cost of any improvements to the bridge then determined by the governing authority to be necessary or advisable.

(3)

The refunding revenue bonds shall be secured in the same manner and be payable from the same source as the revenue bonds refinanced and redeemed as may be otherwise provided in the resolution adopted by the governing authority of the county, city, town or port, but in no event shall such refunding revenue bonds constitute general obligations of the county, city, town or port, nor an indebtedness or liability within the meaning of any constitutional limitation or provision. [1953 c.648 §2]

Source: Section 381.237 — Issuance of refunding revenue bonds, https://www.­oregonlegislature.­gov/bills_laws/ors/ors381.­html.

381.005
Construction, acquisition and maintenance of Columbia River bridges
381.010
Agreements for carrying out powers
381.015
Requirements for request for proposals or invitation to bid
381.020
Using funds available for bridge expenses
381.080
ORS 381.005 to 381.020 as cumulative
381.096
Construction, acquisition and maintenance of Snake River bridges
381.098
Agreements for carrying out powers granted by ORS 381.096
381.100
Requirements for request for proposals or invitation to bid
381.205
Construction, acquisition, maintenance and connection of interstate bridges by counties, cities, towns and ports
381.210
Agreements for carrying out powers of counties, cities, towns and ports
381.215
Independent or cooperative action
381.220
Contents of agreement
381.225
Using funds available to public body for bridge expenses
381.227
Employment and compensation of attorneys
381.230
Using bond proceeds for bridge expenses
381.235
Formal requirements and conditions of bonds
381.237
Issuance of refunding revenue bonds
381.239
Revenue bonds and refunding revenue bonds are negotiable instruments
381.240
Incurring indebtedness for bridge expenses
381.245
Payment of bond principal and interest with bridge tolls
381.250
Acceptance of funds from United States and gifts
381.255
Selection of bridge sites
381.260
Plans and specifications for bridge construction
381.265
Provision in bridge plans for rail traffic
381.270
Bids for bridge construction
381.275
Contracts made in name of authority authorizing work
381.280
Bond required with certain contracts
381.285
Power to exercise eminent domain
381.290
Operation of bridge as free or toll bridge
381.295
Bridge, connecting road and approaches as state highway
381.300
Acquisition and operation of interstate ferry by bridge authority
381.302
Acquiring and operating interstate ferry by bridge authority as part of cost of acquiring interstate bridge
381.305
Authority conferred by ORS 381.205 to 381.300 is supplemental authority
381.310
Port of Hood River bridge projects
381.312
Tolls, administrative fees and civil penalties in connection with Port of Hood River bridges
381.314
Sale or transfer of Port of Hood River bridge or bridge project
381.405
“Construct,” “construction” and “county court” defined
381.410
Interstate bridges as permanent roads
381.415
Counties given state power to construct bridges
381.420
County financing construction of interstate bridges
381.440
Bond election
381.490
County bonding committee
381.495
Duties and powers of bonding committee
381.500
Terms and conditions of bonds
381.505
Registering bonds
381.510
Bond advertisement and sale
381.515
Custody and disbursement of bond proceeds
381.520
Tax to pay bond interest and principal
381.605
City construction, operation and financing of interstate bridges
381.611
Bond election
381.615
Majority vote required
381.635
Duties and powers of council
381.640
Terms and conditions of bonds
381.645
Registering bonds
381.650
Bond advertisement and sale
381.655
Custody and disbursement of bond proceeds
381.660
Use of tolls to pay bonded indebtedness and bridge maintenance
381.665
Tax for bridge expense not paid by tolls
381.670
Plans for bridge construction
381.824
Interstate bridges of other states or subdivisions made tax-exempt
Green check means up to date. Up to date