The board of directors, by resolution, may provide for the billing and collection of incurred charges of the district in the manner provided in ORS § 545.482 to 545.508, in lieu of the method provided for in ORS § 545.381 to 545.397, 545.413 to 545.422 and 545.683. A resolution under this section may be adopted either before or after the district has commenced to deliver water through all or any part of its canal or distribution system. If the consent of all the holders of outstanding bonds of the district has been obtained, the resolution may provide for the collection of incurred charges for the purpose of retiring bonds and payment of interest on the bonds, or any part of the bonds. [Amended by 1959 c.223 § 1; 1987 c.694 § 1; 1991 c.459 § 423c; 1993 c.270 § 70; 1995 c.42 § 112; 2001 c.476 § 1]

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