Okla. Stat. tit. 11, § 11-36-304
This is the official text of Okla. Stat. tit. 11, § 11-36-304, 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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Delivery of bonds to contractor
Official statutory text
The cash prepayments and the bonds in the amount that may be
necessary for the purpose shall be turned over and delivered to the
contractor or assigns at par and accrued interest in payment of the
amount due, including advertising, engineering and appraising costs,
in accordance with the terms of the contract. The bonds shall be
executed and held by the municipality and delivered in parcels from
time to time upon the completion and approval of the work, or any
part thereof not less than one (1) block, in an amount equal to the
improvement so completed and accepted.
necessary for the purpose shall be turned over and delivered to the
contractor or assigns at par and accrued interest in payment of the
amount due, including advertising, engineering and appraising costs,
in accordance with the terms of the contract. The bonds shall be
executed and held by the municipality and delivered in parcels from
time to time upon the completion and approval of the work, or any
part thereof not less than one (1) block, in an amount equal to the
improvement so completed and accepted.
Status: in_force · Read it on the official government site
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