Okla. Stat. tit. 11, § 11-32-114
This is the official text of Okla. Stat. tit. 11, § 11-32-114, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Levy and collection of costs - Installments - Issuance
Official statutory text
of bonds.
Oklahoma Statutes - Title 11. Cities and Towns Page 290
The levy and assessment shall be payable in not more than ten
equal annual installments. Interest on the whole amount remaining
due and unpaid each year shall be at a rate not exceeding eight
percent (8%) per annum. Delinquent installments, and the unpaid
interest thereon, shall draw interest at the rate of twelve percent
(12%) per annum from maturity until paid. Any owner of land within
the improvement district may, within thirty (30) days after the
assessing ordinance is passed, pay the entire amount assessed
against such land. The assessing ordinance may provide that if the
entire amount of all assessments shall not have been paid within
thirty (30) days after passage of the assessing ordinance, special
assessment bonds may be issued, sold, collected and enforced as to
unpaid installments of assessments in the same manner as bonds for
municipal street improvements are issued, sold, collected and
enforced.
Oklahoma Statutes - Title 11. Cities and Towns Page 290
The levy and assessment shall be payable in not more than ten
equal annual installments. Interest on the whole amount remaining
due and unpaid each year shall be at a rate not exceeding eight
percent (8%) per annum. Delinquent installments, and the unpaid
interest thereon, shall draw interest at the rate of twelve percent
(12%) per annum from maturity until paid. Any owner of land within
the improvement district may, within thirty (30) days after the
assessing ordinance is passed, pay the entire amount assessed
against such land. The assessing ordinance may provide that if the
entire amount of all assessments shall not have been paid within
thirty (30) days after passage of the assessing ordinance, special
assessment bonds may be issued, sold, collected and enforced as to
unpaid installments of assessments in the same manner as bonds for
municipal street improvements are issued, sold, collected and
enforced.
Status: in_force · Read it on the official government site
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