ORS 778.065: Port taxing power; annual limitation.

The Port of Portland may each year assess, levy and collect taxes upon all taxable real and personal property situated within its boundaries as required:

      (1) To pay principal and interest on bonds issued under ORS 778.030;

      (2) To pay bonds, debentures and other obligations of the City of Portland assumed under ORS 778.020; and

      (3) To pay all other expenses that may be incurred in the exercise of the powers granted to the port.