Oregon Statutes 523.040 – Powers of district; emergency power; applying for financing gifts and grants
(1) A district formed under this chapter shall have the power to make contracts, hold and receive and dispose of real and personal property within and without its described boundaries and do all other acts and things which may be requisite, necessary or convenient in carrying out the objects of the district or exercising the powers conferred upon it by this chapter, sue and be sued, plead and be impleaded in all actions and suits or other proceedings brought by or against it.
Terms Used In Oregon Statutes 523.040
- District: means a geothermal heating district formed under this chapter. See Oregon Statutes 523.010
- Geothermal heat: means heat derived from geothermal resources. See Oregon Statutes 523.010
- Geothermal resources: means the natural heat of the earth, the energy, in whatever form, below the surface of the earth present in, resulting from, or created by, or which may be extracted from, the natural heat, and all minerals in solution or other products obtained from naturally heated fluids, brines, associated gases, and steam, in whatever form, found below the surface of the earth, exclusive of oil, hydrocarbon gas, helium or other hydrocarbon substances, but including, specifically:
(a) All products of geothermal processes, embracing indigenous steam, hot water and hot brines;
(b) Steam and other gases, hot water and hot brines resulting from water, gas or other fluids artificially introduced into geothermal formations;
(c) Heat or other associated energy found in geothermal formation; and
(d) Any by-product derived from them. See Oregon Statutes 523.010
- Personal property: All property that is not real property.
(2) In an emergency or in order to meet peak demand a district may supply its inhabitants with heat derived from an energy source other than from geothermal resources for purposes of supplementing the geothermal heat supplied by the district.
(3) In addition to any other power of a district, it may apply and qualify for and receive any private or federal grants, loans or other funds available for carrying out the objects of the district. [1975 c.782 § 3]