The bonds listed in ORS § 294.035 (3)(a) to (c) may be purchased only if there has been no default in payment of either the principal of or the interest on the obligations of the issuing county, port, school district or city, for a period of five years next preceding the date of the investment. [Amended by 1995 c.245 § 3; 2005 c.443 § 21]

[Amended by 1959 c.224 § 1; 1973 c.157 § 2; repealed by 1975 c.359 § 7]