Okla. Stat. tit. 19, § 19-901.17
This is the official text of Okla. Stat. tit. 19, § 19-901.17, 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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Sale of bonds
Official statutory text
The board shall sell such bonds from time to time in such
quantities as may be necessary and most advantageous to raise the
money for the construction of the proposed work, the acquisition of
property and rights and otherwise to fully carry out the objects and
purposes of this act. Before making any sale of bonds the board
shall, at a meeting, by resolution, declare its intention to sell a
specified amount of the bonds and the day and hour and place of such
sale and shall cause such resolution to be entered in the minutes
and notice of the sale to be given by publication thereof at least
ten (10) days in some newspaper of said county if published in a
daily newspaper or two (2) weeks if published in a weekly newspaper,
or said notice may be published in two (2) issues of a daily
newspaper provided they are published a week apart. Said bonds may
be sold either at public auction for cash to the highest bidder or
upon sealed bids as determined by the board of directors. At the
time appointed, the board shall award the purchase of the bonds to
the highest responsible bidder, but shall reserve and always have
the right to reject any and all bids, but said board shall in no
event sell any of said bonds for less than par with accrued
interest.
quantities as may be necessary and most advantageous to raise the
money for the construction of the proposed work, the acquisition of
property and rights and otherwise to fully carry out the objects and
purposes of this act. Before making any sale of bonds the board
shall, at a meeting, by resolution, declare its intention to sell a
specified amount of the bonds and the day and hour and place of such
sale and shall cause such resolution to be entered in the minutes
and notice of the sale to be given by publication thereof at least
ten (10) days in some newspaper of said county if published in a
daily newspaper or two (2) weeks if published in a weekly newspaper,
or said notice may be published in two (2) issues of a daily
newspaper provided they are published a week apart. Said bonds may
be sold either at public auction for cash to the highest bidder or
upon sealed bids as determined by the board of directors. At the
time appointed, the board shall award the purchase of the bonds to
the highest responsible bidder, but shall reserve and always have
the right to reject any and all bids, but said board shall in no
event sell any of said bonds for less than par with accrued
interest.
Status: in_force · Read it on the official government site
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