Oregon Statutes 271.420 – City bonds as payment for land sold by city
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By ordinance duly passed by its governing body, any incorporated city or town may authorize the acceptance of its general obligation bonds or interest coupons, or both, in payment of the purchase price of any lands acquired and for sale by such city or town.
Terms Used In Oregon Statutes 271.420
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.