Okla. Stat. tit. 19, § 19-902.15
This is the official text of Okla. Stat. tit. 19, § 19-902.15, 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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Bond election
Official statutory text
Bonds and other evidences of indebtedness and the interest
thereon shall be paid by revenue derived from an annual levy of not
to exceed five (5) mills on the dollar upon the ad valorem taxed
property of the district, and all the ad valorem taxed property of
the district, including the ad valorem taxed property of public
service corporations, shall be and remain liable to be assessed for
such payments as herein provided; provided, if Article X, Section 8
of the Oklahoma Constitution requires one hundred percent (100%) of
fair cash value to be taxable for purposes of ad valorem taxation,
the maximum number of mills authorized by this section shall be
three-fourths (3/4) of one (1) mill.
thereon shall be paid by revenue derived from an annual levy of not
to exceed five (5) mills on the dollar upon the ad valorem taxed
property of the district, and all the ad valorem taxed property of
the district, including the ad valorem taxed property of public
service corporations, shall be and remain liable to be assessed for
such payments as herein provided; provided, if Article X, Section 8
of the Oklahoma Constitution requires one hundred percent (100%) of
fair cash value to be taxable for purposes of ad valorem taxation,
the maximum number of mills authorized by this section shall be
three-fourths (3/4) of one (1) mill.
Status: in_force · Read it on the official government site
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