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.
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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