(6) Shall be in the form prescribed by the board and shall be signed by the president and by the secretary or an assistant secretary of the port, either manually or by their printed, engraved or lithographed signature; provided, however, that at least one signature is manual, with the seal of the port or a facsimile thereof printed, engraved or lithographed thereon or affixed thereto. Coupons, if any, attached to the bonds need bear only the printed, engraved or lithographed facsimile signature of the president and the secretary or an assistant secretary. Pending the preparation and delivery of definitive bonds, the port may issue interim certificates or temporary bonds, exchangeable for definitive bonds when such bonds shall have been executed and are available for delivery. Such interim certificates or temporary bonds may contain such terms and conditions as the board may determine.
(7) May be issued with the right reserved to the board to redeem the bonds at par or at par plus a premium, in such order, and at such time or times prior to the final maturity date or dates of the bonds, as the ordinance may provide or as otherwise determined by the board, upon publication, at least 30 days before the redemption date, of at least one notice of the intended redemption in one issue of a newspaper specializing in financial matters published in any of the cities of New York, New York; Chicago, Illinois; or San Francisco, California, as the board may provide in the ordinance, and of one such notice in one issue of a newspaper of general circulation published within the corporate boundaries of the port; provided that if a bond to be redeemed is then registered notice of the intended redemption of such bond may be given by the mailing, at least 40 days before t e redemption date, of at least one such notice to the registered owner, in lieu of the publication thereof; provided, however, that failure to so mail such notice shall not affect the proceedings for such' redemption. [1971 c.546 §4; 1981 c.879 §5]
778.160 Borrowing in anticipation of bond sale; bond anticipation notes; content; sale. (1) The port shall have the power, at any time and from time to time after the issuance of bonds under ORS 778.145 to 778.175 have been authorized, to borrow money for the purposes for which such bonds are to be issued in anticipation of the receipt of the proceeds of the sale of such bonds and within the authorized maximum amount of such bond issue.
(2) Bond anticipation notes shall be issued for all moneys so borrowed under the provisions of this section. Such notes may be issued for a period not exceeding one year and may be renewed from time to time for periods of not exceeding one year, but each such note, including renewals, shall mature and be paid not later than the fifth anniversary of the date the 'original note was issued. Such notes shall be authorized by ordinance of the board and shall be in such denomination or denominations, shall bear interest at such rate or rates approved by the board, shall be in such form and shall be executed in such manner, all as the board shall prescribe. Such notes may be sold at public or private sale in the manner and at such price or prices as the board shall determine, provided that if such notes be renewal notes, they may be exchanged for notes then outstanding on such terms as the board shall determine. [1971 c.546 15]
778.165 sale of revenue bonds. The board may from time to time sell revenue bonds authorized to be issued and sold pursuant to ORS 778.145 to 778.175, at public or private sale, in the manner and at such price or prices as it shall determine. [1971 c.548 15]
778.170 Bonds as obligations of political subdivision. Revenue bonds including refunding revenue bonds issued under ORS 778.145 to 778.175 shall be considered to be bonds or obligations of a political subdivision of the State of Oregon for the purposes of all laws of the state. [1971 c.548 §1]
778.175 Effect of ORS 778.145 to 778.175. ORS 778.145 to 778.175 is additional, alternative and supplemental authority for the port and shall not abrogate any power, right or authority otherwise granted by law to the port. [1971 c.546 §8]
BOARD OF COMMISSIONERS OF THE PORT OF PORTLAND
778.205 Board of commissioners; general powers. The power and authority given to the port is vested in and shall be exercised by a board of nine commissioners. The board may exercise such powers, at regular or special meetings, as is usual and customary with similar bodies. [Amended by 1971 c.728 §125]
778.210 Qualifications of members. (1) The board shall be composed of residents of the counties constituting the port district. The Governor shall endeavor to appoint commissioners from the counties constituting the port district proportionate to the population of the respective counties. After January 1, 1988, the Governor shall make appointments to the board so as to assure that not fewer than two board members are residents of each county constituting the port district.
(2) A person is eligible for appointment as a commissioner of the port who at the time of the appointment is a citizen of the United States and of the State of Oregon,
