Okla. Stat. tit. 11, § 11-36-221
This is the official text of Okla. Stat. tit. 11, § 11-36-221, 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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Collection of payments - Bond of clerk - Special fund
Official statutory text
The municipal clerk shall be required to execute a good and
sufficient bond, with sureties, and in an amount to be approved by
the governing body, payable to the municipality, conditioned for the
faithful performance of the duties conferred upon the clerk as
collector of the assessments.
The municipal clerk shall keep an accurate account of all
assessment collections made by him, and shall pay to the municipal
treasurer daily the amounts of the assessments collected by him. The
amounts so collected and paid to the municipal treasurer shall
constitute a separate, special fund to be used and applied to the
payment of the bonds and interest coupons which are issued against
the assessments. After the payment of all bonds and interest
thereon, any surplus remaining in the fund shall be used for the
purpose of repairing and maintaining any improvement for which
assessments have been levied, and for no other purpose whatsoever.
sufficient bond, with sureties, and in an amount to be approved by
the governing body, payable to the municipality, conditioned for the
faithful performance of the duties conferred upon the clerk as
collector of the assessments.
The municipal clerk shall keep an accurate account of all
assessment collections made by him, and shall pay to the municipal
treasurer daily the amounts of the assessments collected by him. The
amounts so collected and paid to the municipal treasurer shall
constitute a separate, special fund to be used and applied to the
payment of the bonds and interest coupons which are issued against
the assessments. After the payment of all bonds and interest
thereon, any surplus remaining in the fund shall be used for the
purpose of repairing and maintaining any improvement for which
assessments have been levied, and for no other purpose whatsoever.
Status: in_force · Read it on the official government site
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