(1) For the purpose of providing funds with which to put into effect one or any combination of the purposes authorized under ORS § 403.535, the district board of a radio and data district, when authorized by a majority of those voting at an election called for that purpose, may borrow money and sell and dispose of general obligation bonds.

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Terms Used In Oregon Statutes 403.537

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

(2) The district board:

(a) May order an election under this section on its own resolution; or

(b) Shall order an election under this section when a petition is filed as provided in this section.

(3) A petition shall specify a dollar amount for carrying out any one or more of the purposes authorized by ORS § 403.535. The requirements for preparing, circulating and filing a petition under this section shall be as provided for an initiative petition under ORS § 255.135 to 255.205. [2009 c.584 § 16]

 

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