Okla. Stat. tit. 2, § 2-15-89
This is the official text of Okla. Stat. tit. 2, § 2-15-89, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." 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.
Bonds - Interest - Denominations - Payment - Signatures –
Official statutory text
Attestation - Registration - Sale - Issuance and delivery - Deposit
by purchaser - Tender of bonds - Rejection of bids - Resale.
A. The bonds issued shall bear interest at a rate not to exceed
the maximum rate provided by Section 498.1 of Title 62 of the
Oklahoma Statutes, per annum, payable semiannually, and shall be
issued in denominations of One Hundred Dollars ($100.00), or any
multiple thereof not to exceed One Thousand Dollars ($1,000.00).
B. The entire amount of the bond issue shall be payable within
twenty-five (25) years. The bonds shall be signed by the chairman
of the board of county commissioners and attested by the county
clerk. Facsimile signatures may be used as provided in the
Registered Public Obligations Act of Oklahoma. The bonds shall be
registered in the office of the county clerk and in the office of
the county treasurer or by their authorized agent.
C. All bonds shall be sold to the bidder who will pay therefor
par and accrued interest, and who shall stipulate in his or her bid
the lowest rate of interest which the bonds shall bear.
D. Upon the acceptance of the bid, the bonds shall be issued in
accordance therewith and shall be delivered to the purchaser upon
payment of the purchase price thereof. The bidder shall submit with
his or her bid a sum in cash, or its equivalent, equal to two
Oklahoma Statutes - Title 2. Agriculture Page 560
percent (2%) of his or her bid. Upon acceptance of any bid, the
deposit shall become the property of the county selling the bonds,
and shall be credited to the purchase price thereof upon the
understanding that if the purchaser fails to pay the balance of the
purchase price within five (5) days after the tender of the bonds,
the sale shall be thereby annulled, and the deposit shall be
retained by the county commissioners and credited to the account for
which such bonds are being issued.
E. No tender of the bonds shall be valid until after the
expiration of the period of contestability as now provided by law.
All other deposits shall be returned.
F. The county commissioners selling such bonds shall have the
right to reject all bids and readvertise the bonds for sale.
by purchaser - Tender of bonds - Rejection of bids - Resale.
A. The bonds issued shall bear interest at a rate not to exceed
the maximum rate provided by Section 498.1 of Title 62 of the
Oklahoma Statutes, per annum, payable semiannually, and shall be
issued in denominations of One Hundred Dollars ($100.00), or any
multiple thereof not to exceed One Thousand Dollars ($1,000.00).
B. The entire amount of the bond issue shall be payable within
twenty-five (25) years. The bonds shall be signed by the chairman
of the board of county commissioners and attested by the county
clerk. Facsimile signatures may be used as provided in the
Registered Public Obligations Act of Oklahoma. The bonds shall be
registered in the office of the county clerk and in the office of
the county treasurer or by their authorized agent.
C. All bonds shall be sold to the bidder who will pay therefor
par and accrued interest, and who shall stipulate in his or her bid
the lowest rate of interest which the bonds shall bear.
D. Upon the acceptance of the bid, the bonds shall be issued in
accordance therewith and shall be delivered to the purchaser upon
payment of the purchase price thereof. The bidder shall submit with
his or her bid a sum in cash, or its equivalent, equal to two
Oklahoma Statutes - Title 2. Agriculture Page 560
percent (2%) of his or her bid. Upon acceptance of any bid, the
deposit shall become the property of the county selling the bonds,
and shall be credited to the purchase price thereof upon the
understanding that if the purchaser fails to pay the balance of the
purchase price within five (5) days after the tender of the bonds,
the sale shall be thereby annulled, and the deposit shall be
retained by the county commissioners and credited to the account for
which such bonds are being issued.
E. No tender of the bonds shall be valid until after the
expiration of the period of contestability as now provided by law.
All other deposits shall be returned.
F. The county commissioners selling such bonds shall have the
right to reject all bids and readvertise the bonds for sale.
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.