Oregon Statutes 777.050 – Operation and effect of proclamation; general corporate powers and capacity
From the date of the formation order, the port specified in the order shall:
Terms Used In Oregon Statutes 777.050
- 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.
- Personal property: All property that is not real property.
(1) Have perpetual succession.
(2) Have, and may exercise and carry out, the corporate powers and objects declared by ORS § 777.005 to 777.725 and 777.915 to 777.953.
(3) Make all contracts, hold, receive and dispose of real and personal property, and do all other acts and things which may be requisite, necessary or convenient in carrying out the objects of the corporation or exercising the powers conferred upon it.
(4) Sue and be sued, plead and be impleaded in all actions, suits or proceedings brought by or against it. [Amended by 1971 c.727 § 184; 1971 c.728 § 10]
[Repealed by 1971 c.728 § 138]
[Amended by 1963 c.268 § 18; repealed by 1971 c.727 § 203]
(Facilities for World Maritime Trade)