Okla. Stat. tit. 11, § 11-36-305

The registered holder of any outstanding bonds issued to pay for

a street improvement may file his consent in writing with the

municipal clerk to use the bonds to pay for an assessment, or

installment thereof, which has been levied by the governing body.

The written consent shall be binding upon any transferee or assignee

of the bonds, and upon all of the registered owners signing the

consent, as to all payments and discharges made for such assessment

until written notice be filed with the clerk by the registered

holder, transferee or assignee, of the bond terminating his consent

thereto. After the written consent is filed and until written

notice of termination is given, the owner of any property in the

street improvement district may present, with the written consent of

the registered holder or holders, to the clerk the bonds bearing the

lowest serial numbers of the bonds outstanding in the series as

payment for the assessment, or any installment thereof, upon the

Oklahoma Statutes - Title 11. Cities and Towns Page 342

owner's property, whether delinquent or unmatured, with all interest

and penalty thereon. The clerk shall endorse upon each bond the

amount of the installment, and interest and penalty thereon, for

which the bond is tendered as payment. The clerk shall then issue a

receipt to the owner of the property for the amount of the

installment, together with interest and penalty, for which credit

has been endorsed upon the bonds. Whenever the credits upon any

bond so endorsed equals the principal amount of the bond, together

with all matured interest, the bond, together with all matured

interest, whether due or to become due, shall be canceled by the

clerk.