ORS § 273.300

Current through 2024 Regular Session legislation

Section 273.300 - Issuance of deed

Whenever any purchaser of state lands holding a certificate of sale therefor has paid three-fifths or more of the purchase price thereof, the Director of the Department of State Lands may execute a deed conveying the lands to such purchaser, upon the purchaser's executing:

(1) A note for the remainder of the purchase price; and

(2) A mortgage on the premises in the same form and manner as other mortgages are executed for loans from the Common School Fund under ORS 327.405 to 327.480.

ORS 273.300

Formerly 273.150; 1969 c.594 §23