Okla. Stat. tit. 11, § 11-36-309
This is the official text of Okla. Stat. tit. 11, § 11-36-309, 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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Refunding street improvement bonds - Authority
Official statutory text
Any municipality which has issued street improvement bonds by
virtue of the authority of any law or charter provision is
authorized to refund the bonds. In refunding such bonds, the
governing body may provide for:
1. The levy and collection of assessments to pay the bonds;
2. The retirement of the street improvement bonds originally
issued;
3. The cancellation of any or all prior assessments, and
penalties and interest, together with interest and penalties that
have accrued thereon, by and with the written consent and under
written contract with the holders of any series of the street
improvement bonds;
4. A written "Agreement to Accept Street Improvement Refunding
Bonds" in exchange for the bonds originally issued; and
5. The procedure for such refunding in accordance with
applicable law.
virtue of the authority of any law or charter provision is
authorized to refund the bonds. In refunding such bonds, the
governing body may provide for:
1. The levy and collection of assessments to pay the bonds;
2. The retirement of the street improvement bonds originally
issued;
3. The cancellation of any or all prior assessments, and
penalties and interest, together with interest and penalties that
have accrued thereon, by and with the written consent and under
written contract with the holders of any series of the street
improvement bonds;
4. A written "Agreement to Accept Street Improvement Refunding
Bonds" in exchange for the bonds originally issued; and
5. The procedure for such refunding in accordance with
applicable law.
Status: in_force · Read it on the official government site
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