ORS § 548.330

Current through 2024 Regular Session legislation
Section 548.330 - Bonds for refunding indebtedness; validity not affected by irregularities of refunded obligations

All bonds of any irrigation or drainage district authorized or issued by the district in the manner provided by ORS 548.305 to 548.325, for the purpose of refunding any outstanding bonds or warrants of the district in accordance with the terms and provisions of a contract therefor between the district and any governmental agency of the United States shall constitute legal and binding obligations of the district, notwithstanding any irregularities or defects in the authorization of or issuance of any of the bonds or warrants to be refunded.

ORS 548.330

Amended by 1989 c.182 §33