ORS 280.480
Powers and rights of bondholders

Subject to any contractual limitation binding upon the holders of any issue of revenue bonds, or a trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of bonds, or any trustee therefor, for the equal benefit and protection of all bondholders similarly situated, may:

(1)

By action or proceeding for legal or equitable remedies, enforce their rights against the city and any of its officers, agents and employees, and may require and compel the city or any such officers, agents or employees to perform and carry out its and their duties and obligations under ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) and its and their covenants and agreements with bondholders;

(2)

By action, require the city to account as if it was the trustee of an express trust;

(3)

By action, enjoin any acts or things which may be unlawful or in violation of the right of the bondholders;

(4)

Bring action upon the bonds;

(5)

Foreclose any mortgage or lien given under the authority of ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) and cause the property standing as security to be sold under any proceedings permitted by law or equity; and

(6)

Exercise any right or remedy conferred by ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) without exhausting and without regard to any other right or remedy conferred by ORS 280.410 (Definitions for ORS 280.410 to 280.485) to 280.485 (Effect of ORS 280.410 to 280.485 on powers of city) or any other law of this state, none of which rights and remedies is intended to be exclusive of any other, and each is cumulative and in addition to every other right and remedy. [1977 c.772 §15; 1979 c.284 §131]

Source: Section 280.480 — Powers and rights of bondholders, https://www.­oregonlegislature.­gov/bills_laws/ors/ors280.­html.

280.040
Definitions for ORS 280.040 to 280.145 280.050
Providing funds for financing cost of services, projects, property and equipment 280.055
Obtaining and advancing of funds to county service districts 280.057
Local option taxes for community colleges 280.060
Levy of local option taxes outside constitutional limitation 280.064
Period for use of revenues raised by local option tax 280.070
Manner of holding elections for local option tax or permanent rate limit 280.075
Ballot statements for local option tax measures 280.080
Contents of order, resolution or ordinance calling election 280.090
Submission of several proposals to impose local option taxes 280.145
Serial levy under former law 280.150
Appropriating money and issuing bonds to construct, operate and maintain joint facilities 280.410
Definitions for ORS 280.410 to 280.485 280.415
Legislative findings 280.420
Eligibility of projects for financing 280.422
Exception to eligibility standards 280.424
Bond-financed single room occupancy rental housing to conform with federal law 280.425
City powers concerning property 280.430
Contractual powers of city 280.431
Required condition of purchase for low income single room occupancy housing project 280.432
Limitations on housing loans from bond proceeds 280.435
Limitation on city power 280.440
Authority to issue revenue bonds 280.445
Factors considered in determining whether to issue bonds 280.450
Issuance of bonds 280.455
Administrative expenses 280.460
Refunding bonds 280.465
Validity of bonds 280.470
Covenants in bonds allowed 280.475
Limitations of bonds 280.480
Powers and rights of bondholders 280.482
Report required 280.485
Effect of ORS 280.410 to 280.485 on powers of city 280.500
County economic development plan 280.505
Coordination of plan with other local governments and plans 280.508
County public purpose revolving loan fund 280.518
Display of information that program is financed by State Lottery
Green check means up to date. Up to date

Current through early 2024

§ 280.480’s source at oregon​.gov