Okla. Stat. tit. 19, § 19-1277
This is the official text of Okla. Stat. tit. 19, § 19-1277, part of Oklahoma’s Stat. tit. 19, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 19,." Browse the sections below, each linked to its official government source.
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Issuance and sale of bonds - Competitive bids - Deposit
Official statutory text
of proceeds.
A. If at the election three-fifths (3/5) of the voters voting
thereon shall vote in favor of the issuance of water facility or
reservoir general obligation bonds, the board of county
commissioners shall proceed at once with the issuing of the bonds
and shall deposit them in the treasury of the county. The county
treasurer shall be responsible and chargeable for the bonds on his
official bond.
B. The bonds shall be sold by competitive bid. The board of
county commissioners shall award the purchase of the bonds to the
highest responsible bidder, but shall have the right to reject any
and all bids. The board shall in no event sell any of the bonds for
less than par with accrued interest.
C. Proceeds from the sale of said bonds shall be deposited in
the treasury of said county and the county treasurer shall pay out
such money upon the orders of the board of county commissioners from
time to time as the same shall be needed.
A. If at the election three-fifths (3/5) of the voters voting
thereon shall vote in favor of the issuance of water facility or
reservoir general obligation bonds, the board of county
commissioners shall proceed at once with the issuing of the bonds
and shall deposit them in the treasury of the county. The county
treasurer shall be responsible and chargeable for the bonds on his
official bond.
B. The bonds shall be sold by competitive bid. The board of
county commissioners shall award the purchase of the bonds to the
highest responsible bidder, but shall have the right to reject any
and all bids. The board shall in no event sell any of the bonds for
less than par with accrued interest.
C. Proceeds from the sale of said bonds shall be deposited in
the treasury of said county and the county treasurer shall pay out
such money upon the orders of the board of county commissioners from
time to time as the same shall be needed.
Status: in_force · Read it on the official government site
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