Section 586.270 - Warehouse licenses; federal licenses; license application and fee(1) Every person operating any public warehouse in this state shall, before July 1 of each year or such date as may be specified by rule of the State Department of Agriculture, procure from the department a license for each such warehouse so operated for the ensuing year, before transacting business at such public warehouse; but the holder of a license to store grain under the United States Warehouse Act shall furnish the department with a copy of such license and bond and, having furnished such copies, is not required to secure a state license or pay state warehouse inspection fees during the time the license holder continues to operate under the federal license. The license shall be posted in a conspicuous place in the office of each warehouse.(2) Application for a license under this section shall be made to the department upon forms furnished by it. The application shall include: (a) The name and address of the applicant.(b) The location of each public warehouse of the applicant.(c) The total rated storage capacity in bushels of each public warehouse.(d) The tariff schedule of charges to be made at each public warehouse for the handling, storage and shipment of grain during the license year.(e) Documentation satisfactory to the department that the applicant has net assets of at least $50,000.(f) Such other information as the department deems necessary to carry out the purposes of ORS 586.210 to 586.730.(3) The applicant shall submit with the application an annual license fee of $500 for each public warehouse.(4) The department shall issue a license to the applicant if it finds that the application is in due form and the applicant has complied with the provisions of ORS 586.210 to 586.730.Amended by 1955 c.731 §3; 1967 c.492 §2; 1969 c.190 §2; 1981 c.204 §1; 1997 c.608 §2; 2001 c.66 §2; 2007 c. 768, § 16