Okla. Stat. tit. 19, § 19-901.24
This is the official text of Okla. Stat. tit. 19, § 19-901.24, 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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Dissolution of district
Official statutory text
In the event of the dissolution of a district, the board of
directors of the district shall be trustees for the disposition of
the property and the proceeds of the disposition of such property
and all funds remaining on hand shall be deposited with the county
treasurer who shall thereupon succeed to the powers and duties of
the district treasurer and who shall annually collect from all of
the property which shall have been in the district at the time of
the authorization of any bond, an annual assessment sufficient to
pay the interest and amount necessary to retire such outstanding
bonds as the same may become due. Such annual assessment shall be
based upon the district appraisal record at the time of dissolution.
When all of the property of the district has been disposed of and
Oklahoma Statutes - Title 19. Counties and County Officers Page 428
the funds of the district deposited with the county treasurer, the
powers and functions of the district board, as trustees for
dissolution, shall cease and the board of county commissioners of
the county in which such district is located shall succeed to all of
the powers and duties of the district insofar as it shall be
necessary for them to wind up and conclude the affairs of the
district.
directors of the district shall be trustees for the disposition of
the property and the proceeds of the disposition of such property
and all funds remaining on hand shall be deposited with the county
treasurer who shall thereupon succeed to the powers and duties of
the district treasurer and who shall annually collect from all of
the property which shall have been in the district at the time of
the authorization of any bond, an annual assessment sufficient to
pay the interest and amount necessary to retire such outstanding
bonds as the same may become due. Such annual assessment shall be
based upon the district appraisal record at the time of dissolution.
When all of the property of the district has been disposed of and
Oklahoma Statutes - Title 19. Counties and County Officers Page 428
the funds of the district deposited with the county treasurer, the
powers and functions of the district board, as trustees for
dissolution, shall cease and the board of county commissioners of
the county in which such district is located shall succeed to all of
the powers and duties of the district insofar as it shall be
necessary for them to wind up and conclude the affairs of the
district.
Status: in_force · Read it on the official government site
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