Oregon Statutes 358.385 – Pledge of museum revenues for payment of museum bonds
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The governing body may pledge all or part of museum revenues, collected or to be collected, as security for the payment of general obligation bonds or revenue bonds issued under ORS § 358.375. [1953 c.481 § 18]
Terms Used In Oregon Statutes 358.385
- 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.