(2) In so applying the provisions of ORS 223.005 to 223.105 and 223.205 to 223.930, the following provisions and exceptions shall apply:
(a) The limits provided by such law on the amount of the assessment shall not apply.
(b) The legislative body shall provide for the form of the bonds and of the principal and interest coupons to be attached thereto.
(c) The legislative body may provide that the redemption provision of the bonds shall require the payment of such premium as the legislative body may specify. [1961 c.666 §§27,28]