As used in ORS 381.405 to 381.520: (1) “Construct” includes repair, maintain, improve or other words of similar meaning. (2) “Construction” includes repair, maintenance, improvement or other words of similar meaning. (3) “County court” means the county court of the county in which the bridge mentioned in the context is situated, and includes the board […]
Bridges over rivers and bodies of water forming interstate boundaries are permanent roads and include approaches and viaducts leading thereto.
For the purposes of ORS 381.405 to 381.520 the right, power and authority of the state to construct bridges, viaducts and roadways over navigable streams and the beds thereof or upon any state lands is granted and given to all counties.
Counties may borrow money for the purpose of constructing interstate bridges and issue bonds to evidence such indebtedness.
(1) This section establishes the procedure for determining whether a county shall issue bonds for the construction of an interstate bridge under ORS 381.420. The question shall be decided by election. The county court: (a) May order the election on its own resolution; or (b) Shall order the election when a petition is filed as […]
The county court is created a bonding committee of the county. The judge of the county court or chairperson of the board of county commissioners shall be chairperson and the county clerk shall be secretary of the bonding committee.
If the electors of the county approve the issuance of bonds, the bonding committee shall arrange to issue and sell the bonds. The bonding committee may arrange the form, details and sale of the bonds in a manner consistent with ORS 381.405 to 381.520. [Amended by 1983 c.350 §249]
(1) The bonds mentioned in ORS 381.420 shall: (a) Be in denominations of $100 or more, but not exceeding $1,000. (b) Run not to exceed 30 years from the date of issuance. (c) Bear interest at a rate not to exceed six percent per year, payable on January 1 and July 1. (d) Have interest […]
The county treasurer shall keep a register of all the bonds issued or sold under ORS 381.405 to 381.520, noting therein the number of bonds, amount, date of issuance, date of sale and such facts as in the judgment of the county treasurer serve to keep an accurate record of the bonds so issued and […]
(1) The bonding committee shall advertise in one newspaper in the county, if there is one, in one leading newspaper in Portland, Oregon, and in one leading financial newspaper in New York City for two weeks before any sale of bonds, the fact of the sale, inviting bids for the bonds and stating such facts […]
The proceeds of all the bonds sold under ORS 381.405 to 381.520 shall be paid into the county treasury and shall go into a special bridge fund. Such proceeds shall be disbursed for the purposes for which the bonds are issued.
The county court shall, at the time of making the annual tax levy upon the previous year’s assessment, levy a tax on all the taxable property in the county sufficient to pay the outstanding bonds at maturity and the interest on all outstanding bonds for the current year. The proceeds derived from the tax shall […]
