Section 225.370 - Terms of bonds.

OR Rev Stat § 225.370 (2019) (N/A)
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(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. [Amended by 2005 c.22 §170]