Okla. Stat. tit. 11, § 11-22-128

Bond issues.

The governing body of any municipality may provide for making

any and all improvements of a general nature in the municipality and

may from time to time borrow money and issue bonds for the purpose

of paying for such improvements. No such money shall be borrowed or

bonds issued until the governing body is instructed to do so by a

vote of at least three-fifths of the registered voters voting on the

question at any election held in the municipality, unless otherwise

provided by the Constitution and laws of Oklahoma. If the purpose

of the bonds includes paying for conservation easements, the

question voted on by the voters of the municipality issuing such

bonds shall reflect such purpose, but need not specify the legal

description or location of the property to be affected by such

easements, unless such legal description or location is known prior

to the election. Any conservation easements executed pursuant to

this section shall not restrict or prohibit any existing

recreational uses permitted by the landowner, including, but not

limited to, hunting and fishing. A conservation easement shall not

be executed in any location that will restrict or in any way modify

an existing use, easement, or zoning ordinance that relates to

military installations of this state and/or to any zoning ordinances

adopted pursuant to Section 43-101.1 of this title. If a

municipality fails to negotiate a purchase of a conservation

easement from a landowner, the use of eminent domain by a

municipality shall be prohibited to secure such easement. Bonds

issued under this section shall be payable not more than twenty-five

(25) years from the date of their issue, with interest thereon at a

Oklahoma Statutes - Title 11. Cities and Towns Page 185

rate not exceeding a maximum rate established by law. The governing

body shall provide for taxes to pay the bonds at their maturity, and

their interest coupons as they respectively become due.