ORS 450.110: District bonds; denomination; place of payment; interest.

(1) General obligation or revenue bonds shall be of such denominations as the district board determines, except that no bonds shall be of a denomination greater than $5,000. (2) All bonds shall be payable in lawful money of the United States at a place named by the district board, and shall bear interest at a rate determined by the district board, payable semiannually. [Amended by 1969 c.563 §14; 1981 c.94 §37; 2001 c.373 §3]