2007 ORS 367.640¹
Indenture
  • provisions

An indenture under which bonds described under ORS 367.615 (Bond issuance) are issued may provide for any or all of the following:

(1) The pledging of moneys or a portion of moneys described under ORS 367.605 (Source of funds to secure Highway User Tax Bonds) to the payment of the bond debt service on bonds issued under ORS 367.615 (Bond issuance).

(2) Requirements concerning particular issues of bonds under ORS 367.615 (Bond issuance).

(3) Requirements concerning moneys described under ORS 367.605 (Source of funds to secure Highway User Tax Bonds) and payment on outstanding bonds issued under ORS 367.615 (Bond issuance).

(4) A contractual undertaking for the benefit of bondholders concerning assessment, levy collection and deposit of moneys described under ORS 367.605 (Source of funds to secure Highway User Tax Bonds).

(5) Provisions concerning the registration of bonds or recording or filing of the indenture.

(6) Provisions relating to a reserve account under ORS 367.645 (Reserve account). Provisions under this subsection may include, but are not limited to, the amount required for such account or provisions for replenishing the account from moneys described under ORS 367.605 (Source of funds to secure Highway User Tax Bonds).

(7) Provisions concerning trustees under ORS 367.650 (Trust indenture to secure bonds) including, but not limited to:

(a) Establishing funds, accounts or moneys described under ORS 367.605 (Source of funds to secure Highway User Tax Bonds) over which the trustee will be custodian.

(b) Providing that a trustee will be appointed.

(8) Establishing the maturation date for the bonds, subject to ORS 367.635 (Bond form, issuance and maturity). [1985 c.551 §7; 2003 c.201 §27]


1 Legislative Counsel Committee, CHAPTER 367—Transportation Financing; Projects, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­367.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.