Oregon Statutes 294.353 – Elimination of unnecessary fund; disposition of balance
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Subject to the provisions contained in the charter of any city or county or in any law relating to municipal corporations, when the necessity for maintaining any fund of the municipal corporation has ceased to exist and a balance remains in the fund, the governing body shall so declare by ordinance or other order and upon such declaration such balance shall forthwith be transferred to the general fund of the municipal corporation unless other provisions have been made in the original creation of the fund. [Formerly 294.475]
Terms Used In Oregon Statutes 294.353
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- 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.
[Repealed by 1963 c.576 § 44]
[1963 c.576 8a,9; 1971 c.513 § 56; 1979 c.686 § 4; 1993 c.112 § 1; 2011 c.473 § 3; renumbered 294.393 in 2011]