Okla. Stat. tit. 19, § 19-627
This is the official text of Okla. Stat. tit. 19, § 19-627, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
County, city, town or school district - Insurance of
Official statutory text
buildings and property.
The governing board of any county, city, town, or school
district, dependent or independent, is hereby authorized to insure
or cause to be insured, at the cost of such municipality, any or all
of the public buildings and property or other tangible and insurable
assets owned or held by such municipality, in the name of the lawful
treasurer of such municipality. In event of destruction or damage
to such buildings or property, or loss of other tangible and
insurable assets, so insured, such treasurer shall demand and
receive the moneys due on account of such insurance, and when so
received, he shall deposit the same as other moneys belonging to
such municipality and he shall credit the same to a special account
on his records and it shall be used solely to rebuild, repair, or
replace the property or assets so lost, damaged, or destroyed, and
shall be disbursed in payment of lawful warrants drawn by such
governing board for such purpose, the same as other public funds are
disbursed. If not so needed, upon resolution to that effect by the
governing board, the same shall be considered income from sources
other than ad valorem tax and credited to the general fund of such
municipality.
R.L. 1910, § 1734. Amended by Laws 1941, p. 64, § 1.
Oklahoma Statutes - Title 19. Counties and County Officers Page 249
The governing board of any county, city, town, or school
district, dependent or independent, is hereby authorized to insure
or cause to be insured, at the cost of such municipality, any or all
of the public buildings and property or other tangible and insurable
assets owned or held by such municipality, in the name of the lawful
treasurer of such municipality. In event of destruction or damage
to such buildings or property, or loss of other tangible and
insurable assets, so insured, such treasurer shall demand and
receive the moneys due on account of such insurance, and when so
received, he shall deposit the same as other moneys belonging to
such municipality and he shall credit the same to a special account
on his records and it shall be used solely to rebuild, repair, or
replace the property or assets so lost, damaged, or destroyed, and
shall be disbursed in payment of lawful warrants drawn by such
governing board for such purpose, the same as other public funds are
disbursed. If not so needed, upon resolution to that effect by the
governing board, the same shall be considered income from sources
other than ad valorem tax and credited to the general fund of such
municipality.
R.L. 1910, § 1734. Amended by Laws 1941, p. 64, § 1.
Oklahoma Statutes - Title 19. Counties and County Officers Page 249
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.