Section 3.

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Bonds Exempt from Taxation

Said bonds shall be issued in denominations of $25, $100, $500, and $1,000, and shall be issued in series of $50,000 or multiples thereof, drawn to mature in not more than thirty-six years. They shall bear interest at the rate of four per cent per annum and shall be exempt from all taxes levied by the state of Oregon, or any of its subdivisions.

Redlined Comparison between 1916 and 1942 Amendment

Removed from 1916 Added to 1942

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