Section 403.365 - Authority to issue general obligation bonds; elector approval required; bond debt limit.

OR Rev Stat § 403.365 (2019) (N/A)
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(2) The general obligations outstanding at any one time may not exceed in aggregate principal amount one percent of the real market value of all taxable property within the district computed in accordance with ORS 308.207.

(3) The bonds must mature serially not more than 30 years from the issue date and must be issued as prescribed in ORS chapter 287A. [Formerly 401.844]