Okla. Stat. tit. 62, § 62-285
This is the official text of Okla. Stat. tit. 62, § 62-285, 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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Carrying out plan of municipal debt readjustment
Official statutory text
Any municipal corporation or political subdivision of this
state shall carry out the plan or plans of municipal debt
readjustment when and if authorized and approved by said Bankruptcy
Court by refunding the same in the amounts and under the terms of
said plan or plans so approved.
Provided, however, that said plan or plans does not authorize
any greater interest than now provided for municipal securities
under the laws of this state, and
Provided further, that any and all issues of bonds, securities
or warrants authorized under any such plan or plans shall be
conducted in conformity with and under the provisions of the laws of
Oklahoma relating to refunding of municipal indebtedness, and
Provided further, that all creditor municipal corporations, as
well as debtor municipal corporations of this state, shall be bound
by the final decree of said Bankruptcy Court confirming the plan of
readjustment of the debtor corporation.
state shall carry out the plan or plans of municipal debt
readjustment when and if authorized and approved by said Bankruptcy
Court by refunding the same in the amounts and under the terms of
said plan or plans so approved.
Provided, however, that said plan or plans does not authorize
any greater interest than now provided for municipal securities
under the laws of this state, and
Provided further, that any and all issues of bonds, securities
or warrants authorized under any such plan or plans shall be
conducted in conformity with and under the provisions of the laws of
Oklahoma relating to refunding of municipal indebtedness, and
Provided further, that all creditor municipal corporations, as
well as debtor municipal corporations of this state, shall be bound
by the final decree of said Bankruptcy Court confirming the plan of
readjustment of the debtor corporation.
Status: in_force · Read it on the official government site
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