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MEASURE NO. 24-31
Woodburn Rural Fire
Protection District
Ballot Title:
Referred to the People by the District Board
General Obligation Bond Authorization
Question: Shall the District be authorized to contract a general obligation bonded indebtedness in an amount not to exceed $8,500,000? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.
Summary: This measure may be passed only at an election with at least a 50 percent voter turnout. This measure authorizes the District to issue general obligation bonds of not to exceed $8,500,000, to refund existing capital improvement debt; acquire real property; construct, reconstruct, expand and improve District structures; acquire fire fighting apparatus and equipment; make related improvements as funds allow and to pay all costs incidental thereto. Bonds would mature over a period of 20 years.
No arguments in favor of or opposed to this measure were filed. |