Okla. Stat. tit. 62, § 62-116
This is the official text of Okla. Stat. tit. 62, § 62-116, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Rights of holders
Official statutory text
The holders of all registered bonds issued pursuant to this act
upon the surrender of and exchange for coupon bonds of this state
shall be entitled to the benefit of any adjudication or
determination of any court of this state authorizing the issuance of
the coupon bonds surrendered in exchange therefor, or determining
the validity of the indebtedness evidenced thereby, and the payment
of the principal and interest of all registered bonds issued
pursuant hereto shall be made and provided for out of the taxes
Oklahoma Statutes - Title 62. Public Finance Page 332
provided or levied for the purpose of paying the coupon bonds which
are surrendered in exchange for such registered bonds. The holders
of any registered bond issued pursuant hereto shall be subrogated to
and entitled to all the rights and remedies of the holders of the
coupon bonds surrendered in exchange for such registered bonds.
upon the surrender of and exchange for coupon bonds of this state
shall be entitled to the benefit of any adjudication or
determination of any court of this state authorizing the issuance of
the coupon bonds surrendered in exchange therefor, or determining
the validity of the indebtedness evidenced thereby, and the payment
of the principal and interest of all registered bonds issued
pursuant hereto shall be made and provided for out of the taxes
Oklahoma Statutes - Title 62. Public Finance Page 332
provided or levied for the purpose of paying the coupon bonds which
are surrendered in exchange for such registered bonds. The holders
of any registered bond issued pursuant hereto shall be subrogated to
and entitled to all the rights and remedies of the holders of the
coupon bonds surrendered in exchange for such registered bonds.
Status: in_force · Read it on the official government site
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