ORS 548.345
Notice

  • failure of holder to object constitutes consent

(1)

Upon presentation of the petition to the judge of the court, the judge shall, if it appears that diligent efforts have been made by the irrigation or drainage district to ascertain the names and places of residence of all the holders of the evidences of indebtedness so to be refunded and compromised, authorize the district to publish, and it shall publish for at least four consecutive weeks in three newspapers published within the state, to be designated by the court, one of which papers shall be published in the county in which the office of the board of directors or board of supervisors is situated, a notice specifying the particular indebtedness which it is proposed to refund and compromise, together with the plan which has been adopted by the district for the refunding and compromising; also, a general description of the refunding bonds, if any, which it is proposed to issue to the holders of the indebtedness. The notice shall require all holders of the evidences of indebtedness so to be refunded or compromised to file in the matter of the petition in the circuit court their written dissent from or objection to the proposed plan of refunding and compromise. The notice shall also state that any holders who fail to file their dissent and protest to the plan shall be deemed to have consented thereto.

(2)

The district shall also cause the notice to be served in the manner provided by law for service of summons in civil actions upon all the holders whose names and places of residence are known to the district and who reside within Oregon. The district shall also deposit a copy of the notice in the United States mail addressed to each of the known holders who reside without the state, with postage prepaid.

(3)

Dissent in writing must be filed in the court and cause within 90 days from the date of the first publication of the notice; or, in the case of holders whose names and places of residence are known to the district and who reside within the state, within 90 days from the date of service of the notice upon them; or, in the case of holders whose names and places of residence are known to the district and who reside without the state, within 90 days from the date of mailing the notice.

(4)

After the expiration of said period of 90 days the holders so failing to file their objection and protest with the court shall be deemed to have consented to the refunding and compromise of the indebtedness under the terms set forth in the notice, and such failure shall be equivalent to the offer in writing signed by the known consenting holders. [Amended by 1989 c.182 §34]

Source: Section 548.345 — Notice; failure of holder to object constitutes consent, https://www.­oregonlegislature.­gov/bills_laws/ors/ors548.­html.

548.005
Organization of irrigation, drainage or flood control district by owners of lands subject to assessment by district improvement company or improvement district
548.010
Sale or disposal of lands
548.015
Board of directors to transfer unnecessary funds
548.050
Insurance for district employees
548.105
Authority of boards to maintain proceedings for judicial determination as to organization of district and other matters
548.110
Nature of proceedings
548.115
Elector’s right to maintain proceedings
548.120
Validation of judgments entered in proceedings by directors
548.300
Contracts for state loans
548.305
Contracts for federal loans
548.310
Validation of prior contracts and bonds
548.315
Issuance of bonds
548.320
Lien on lands
548.325
Charges or assessments
548.330
Bonds for refunding indebtedness
548.335
Consent of holders of outstanding indebtedness
548.340
Contents of petition
548.345
Notice
548.350
Hearing
548.355
Nature of proceedings
548.360
Moneys and securities
548.365
Depositary for bonds, warrants
548.370
Cancellation or compromise of assessments by districts refunding indebtedness through federal agencies
548.400
Deposit of bonds, warrants and other evidence of indebtedness of irrigation and drainage districts being reorganized
548.405
Loss of certificates or receipts issued by county treasurer for securities
548.410
Surrender of securities to claimant to whom certificate or receipt has not been issued or assigned
548.415
Surety bond
548.505
Relevy and reassessment
548.510
Judgment declaring assessments void
548.515
Manner of relevy and reassessment
548.520
Cancellation or compromise
548.705
Irrigation or drainage district may file bankruptcy petition
548.710
Bonds of district
548.715
Debt refunding agreements
548.900
Definitions for ORS 548.900 to 548.955
548.905
Petition for dissolution or reorganization
548.910
Manner of signing petition
548.915
Determining qualified petition signatures
548.920
Notice of petition filing
548.925
Special election
548.930
Vote result requirements
548.935
Circuit court proceeding on petition
548.940
Jurisdiction of parties
548.945
Written assent of Secretary of Interior required before judgment if district has federal contract
548.950
Appearance of interested parties
548.955
Contents of judgment
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