Oregon Revised Statutes Water Resources: Irrigation, Drainage, Flood Control, Reclamation § 553.650
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In addition to the provisions for the payment of bonds and interest by taxation and other provisions of this chapter, all the property of the subdistrict, including irrigation and other works, shall be liable for the indebtedness of the subdistrict. The holder of the bonds, or the United States in case contract has been executed by the United States, may, in case of default in the payment of interest or principal on the bonds, or the amount due on the contract, upon the order of the circuit court, take possession of the works of the subdistrict and operate the same until the amount in default is fully paid.
Cite this article: FindLaw.com - Oregon Revised Statutes Water Resources: Irrigation, Drainage, Flood Control, Reclamation § 553.650 - last updated January 01, 2018 | https://codes.findlaw.com/or/title-45-water-resources-irrigation-drainage-flood-control-reclamation/or-rev-st-sect-553-650/
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