Okla. Stat. tit. 11, § 11-36-311

This is the official text of Okla. Stat. tit. 11, § 11-36-311, 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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Notice to bondholders - Holder may accept street

Official statutory text

improvement refunding bonds.

At least sixty (60) days prior to the expiration of the three-

year limitation on actions by bondholders, the municipal clerk shall

notify the holders of all outstanding street improvement bonds that

the same are about to be barred by the statute of limitations by:

1. Mailing a notice to the holder of each bond at his last

known address, as shown by the records of the clerk; and

Oklahoma Statutes - Title 11. Cities and Towns Page 345

2. Publishing the notice in some newspaper of general

circulation in the municipality in which the street improvement

district is located. If there is no newspaper published in the

municipality, then the publication shall be made in some newspaper

published in the county, and by publication of the notice in at

least one nationally recognized financial journal.

The notice to bondholders shall be substantially in the following

form:

NOTICE TO ALL HOLDERS OF STREET IMPROVEMENT BONDS OF

DISTRICT NO.______ (or, if appropriate, insert the

ordinance or serial no.) OF THE _____ (City or Town) OF _________,

OKLAHOMA:

You are hereby notified that on the _____ day of _____,

19__, the above bonds and rights thereunder will be barred by the

Statute of Limitation, as provided in Section 36-310 of Title 11 of

the Oklahoma Statutes. You will govern yourselves accordingly.

___________

CLERK OF THE ______ (City or Town) of _______, OKLAHOMA.

Failure of the clerk to give notice provided herein shall not impair

any of the provisions of Sections 36-309 through 36-312 of this

title.

Status: in_force · Read it on the official government site

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