ORS 530.160¹
Refunding of bonds

If the revenue bonds have not been redeemed within 50 years of the date of issue as provided in ORS 530.140 (Forest development revenue bonds), the State Board of Forestry shall cause to be sold refunding bonds in an amount sufficient to provide funds for the redemption of such unredeemed bonds as have been outstanding for 50 years, the proceeds of the sale of which refunding bonds shall be used solely for the purpose of calling and paying such bonds and coupons so refunded. The refunding bonds shall be of like tenor as those refunded, and shall be payable only from the moneys available for such purposes in the State Forestry Department Account. The bonds shall show by indorsement thereon that their legality has been approved by the Attorney General of Oregon. [Amended by 1957 c.83 §18]

Notes of Decisions

Where county transferred forest land that it could have kept and administered for its own benefit to state "in considera­tion of the pay­ment to the county of the percentage of revenue derived from such lands," county is entitled to enforce that claim and state cannot avoid its obliga­tion to county by conveying the prop­erty to third per­son. Tillamook Co. v. State Board of Forestry, 302 Or 404, 730 P2d 1214 (1986)

1 Legislative Counsel Committee, CHAPTER 530—State Forests; Community Forests, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors530.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 530, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­530ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
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. Currency Information