An indenture under which grant anticipation revenue bonds are issued may provide for:

Terms Used In Oregon Statutes 367.171

  • Bond: means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement. See Oregon Statutes 367.010
  • Trustee: A person or institution holding and administering property in trust.

(1) The pledging of all or a portion of the moneys described in ORS § 367.173 to the payment of the principal, interest, premium, if any, or the bond debt service of revenue bonds issued under ORS § 367.161 to 367.181;

(2) Requirements concerning a particular series of revenue bonds issued under ORS § 367.161 to 367.181;

(3) Requirements concerning moneys described in ORS § 367.173 and payment on outstanding revenue bonds issued under ORS § 367.161 to 367.181;

(4) A contractual undertaking for the benefit of bondholders concerning assessment, levy collection and deposit of moneys described in ORS § 367.173;

(5) Provisions concerning the registration of revenue bonds or the recording or filing of the indenture;

(6) Provisions relating to a reserve account including, but not necessarily limited to, provisions related to the amount required for an account and provisions for replenishing the account from moneys described in ORS § 367.173;

(7) Provisions concerning trustees including, but not limited to:

(a) Establishing funds, accounts or moneys described in ORS § 367.173 over which the trustee will be custodian; and

(b) Providing that a trustee will be appointed; or

(8) Establishing the maturation date of the revenue bonds. [2003 c.201 § 6; 2007 c.71 § 99]

 

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