The board of a heritage district has the power: (1) To have and use a common seal. (2) To sue and be sued in its name. (3) To make and accept any and all contracts, deeds, leases, releases and documents of any kind that, in the judgment of the board, are necessary or proper to the exercise of any power of the district, and to direct the payment of all lawful claims or demands. (4) To assess, levy and collect taxes to pay the costs of: (a) Acquiring, constructing, reconstructing, altering, operating and maintaining heritage sites and structures; (b) Acquiring by gift, purchase or other means, and preserving, historical objects, real and personal property of historical interest and records, artifacts, photographs, documents, material and data of historical importance; (c) Establishing and maintaining programs for heritage societies within the district; (d) Handling any lawful claims against the district; and (e) Funding the operating expenses of the district. (5) To employ all necessary agents and assistants. (6) To call elections after the formation of the district. (7) To enlarge the boundaries of the district as provided by ORS 198.705 to 198.955. (8) Generally to do and perform any and all acts necessary and proper to the complete exercise and effect of any of the boards powers or the purposes for which the district was formed. (9) Whenever authorized by the electors, to issue general obligation bonds of the district. However, the aggregate amount of general obligation bonds issued and outstanding at any one time may not exceed two and one-half percent of the real market value of all taxable property of the district, computed in accordance with ORS 308.207. [Formerly 198.985]
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