Oregon Revised Statutes Forestry and Forest Products § 530.612

(1) Sue and be sued in its own name.

(2) Enter into agreements relating to the operation of community forestlands upon terms and conditions the board deems appropriate.

(3) Borrow money by issuing notes, revenue bonds or other revenue obligations for the purpose of carrying out its powers.

(4) Mortgage, assign and pledge its assets, or a portion of its assets, whether then owned or thereafter acquired, to pledge and assign the revenues and receipts from the assets, to acquire, hold and dispose of mortgages or other similar documents relating to community forestlands and to arrange and provide for guarantees and other security agreements.

(5) Lend money to a nonprofit corporation for the acquisition, furnishing or extension of and improvements to community forestlands.

(6) Enter into contracts, leases and other undertakings in its own name.

(7) Adopt and amend ordinances and resolutions.