Or. Rev. Stat. § 223.205

Scope and application; validation of bond issues by cities of 100,000 or more

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223.205 Scope and application; validation of bond issues by cities of 100,000 or more. (1) ORS 223.205 and 223.210 to 223.295 may be cited as the Bancroft Bonding Act.

(2) The provisions of the Bancroft Bonding Act are not mandatory. Any governmental body having charter provisions, or ordinance provisions authorized by charter, for bonding improvement assessments and selling bonds may follow those provisions or the provisions of the Bancroft Bonding Act, or the provisions of any other statute.

(3) All bonds issued prior to March 20, 1939, in accordance with the charter provisions of any city which, as of March 20, 1939, has or after that date attains a population of 100,000 or more inhabitants, according to the published federal census, and all action taken and proceedings adopted by a city prior to that date for issuing bonds in accordance with charter provisions are ratified, approved and confirmed. [Amended by 1957 c.103; §1; 1959 c.653 §1; 1965 c.282 §2; 1975 c.642 §1; 1991 c. 902 §7]

Notes of Decisions

Cited in 5 cases, 1961–2002 · leading case: Rogers MacHinery, Inc. v. Washington County

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Rogers MacHinery, Inc. v. Washington County (2002) orctapp “Applicants may finance their TIF obligations with “Bancroft Bonding” under ORS 223.205 to ORS 223.295. See WCC § 3.17.”

State Construction Corporation v. Scoggins (1971) or · cites it 2× “The Penneys were duly notified and upon written application elected to pay the assessment, or more accurately the lien in favor of the city, in installments as provided in the Bancroft Bonding Act, ORS 223.205 to 223.300. The Act charges the city's treasurer with the…”

State v. Vickery (1985) or · cites it 5× “City answered denying that DVA’s interest in the property had priority and asserted that its nuisance abatement lien, even though not bonded under the Bancroft Bonding Act, ORS 223.205 to 223.295, was superior. The trial court held that DVA’s mortgage had first priority by…”

Bechtell v. City of Salem (1961) or · cites it 2× “The statute, commonly referred to as the Bancroft Act, codified as ORS 223.205 et seq., provides that the owner of property subject to a special assessment may make application to pay the amount of the assessment in installments.”

Aloha Sanitary District v. Wilkens (1966) or “① ORS 223.205 et seq. ORS 450.155 makes the Bancroft Bonding Act applicable in the financing of sanitation district improvements.”

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