Authorization to borrow moneys or to issue, sell and assume bond anticipation notes
A community forest authority created under ORS 530.606 (Creation of authority) may borrow from banks, investment banks or other lenders sums of money on terms that the board deems necessary or advisable. An authority may also issue, sell and assume bond anticipation notes or the equivalent that bear a date, mature at a time, be in denominations and in a form, be payable in a medium, at a place, and be subject to the terms of redemption that the board deems necessary or advisable. [2005 c.500 §9]
Note: See note under 530.600 (Definitions for ORS 530.600 to 530.628).
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