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acting by and through the Board shall have such lien and <br />priority as the Board shall determine and shall be valid and <br />bindirng from the time such pledge is made. The revenues or <br />other moneys or obligations so pledged and thereafter received <br />by the City shall immediately be subject to the lien of such <br />pledge without any physical delivery or further act. <br />f. Without limiting the powers extended to the Board to <br />determine terms and conditions of the bonds in addition to and <br />not in conflict herewith, the Board is authorized, in its <br />discretion, and to the extent permitted by law, to provide in <br />connection with the authorization of such bands: that such <br />bonds and the interest thereon may be payable, collectible or <br />registrable at any place or places within or without the State <br />of Oregon; that such bends may be issued in fully registered <br />form; that such bonds may be redeemable, either at the option <br />of the Board, or by the operation of any sinking fund provided <br />for the issue, at such time or times and at such price or <br />prices as the Board may determine; for the appointment of such <br />fiscal or paying agents, registrars, trustees, or other <br />agencies, for such bonds, as the Board may determine, for the <br />benefit and protection of the holders of such bonds; for the <br />deposit of funds including bond proceeds with such agents ar <br />trustees far any lawful purpose for which such funds may be <br />deposited; far the manner of disbursement of, and accounting <br />for, bond proceeds; for the rights and remedies of the holders <br />of such bands ; for the establishing and maintaining of special <br />ordinance - 4 <br />