Oregon Statutes 266.530 – Registration and delivery of bonds; disposition of proceeds
(1) The county treasurer shall register each bond issued pursuant to ORS § 266.480 in a book kept for that purpose in the office of the county treasurer, noting the district, amount, date, time and place of payment, rate of interest and such other facts as may be deemed proper.
Terms Used In Oregon Statutes 266.530
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means the county in which the district, or the greater portion of the taxable assessed value of the district, is located. See Oregon Statutes 266.010
- District: means park and recreation district formed under this chapter. See Oregon Statutes 266.010
- District board: means the governing body of a district. See Oregon Statutes 266.010
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) The county treasurer shall cause the bonds to be delivered promptly to the purchasers upon payment therefor, and shall hold the proceeds of the sale of the bonds subject to the order of the district board to be used solely for the purpose for which the bonds were issued.
(3) When the bonds have been so executed, registered and delivered, their legality shall not be open to contest by the district or by any person or corporation for or on its behalf, for any reason whatever. [Amended by 1969 c.668 § 27]
[Amended by 1969 c.668 § 28; repealed by 2023 c.173 § 1]
[Amended by 1969 c.668 § 29; repealed by 2023 c.173 § 1]