Okla. Stat. tit. 62, § 62-292
This is the official text of Okla. Stat. tit. 62, § 62-292, 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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Procedure - Notice
Official statutory text
Whenever, after the issuance or approval of said bonds it shall
be determined that the purpose for which said bonds have been issued
by such municipality, political corporation or subdivision of this
state, has ceased to exist, the commissioners, board, council, or
other officers of such municipality, political corporation or
subdivision of this state, shall at its next session, either regular
or special, by resolution declare that the purpose for which said
bonds were issued has so ceased to exist, and pursuant thereto shall
authorize and direct its clerk or secretary to issue and publish
notice of such fact and of its intention to cancel and destroy said
bonds, in some newspaper of general circulation within such
municipality, political corporation or subdivision of this state, or
within the county in which same is located, for at least fourteen
(14) days, two insertions being necessary, and such clerk or
secretary shall immediately upon the passage of such resolution post
copies of such notice in five public places within such
municipality, political corporation or subdivision of this state.
Such notice shall specifically designate the bonds to be canceled,
stating the purpose for which issued, the amount and date thereof,
and shall further state in substance that on a day certain not less
than two (2) weeks from the first publication and posting of said
notice, unless formal objection and protest in writing is made by at
Oklahoma Statutes - Title 62. Public Finance Page 370
least one-third (1/3) of the voters, qualified to vote, at the
election by which said bonds were authorized to be issued, the said
commissioners, board, council, or other officers of said
municipality, political corporation or subdivision of this state,
will proceed to cancel and destroy said bonds. Such bonds shall be
destroyed by burning; and the clerk, or secretary, shall make an
entry on the records showing the cancellation and destruction of
said bonds, and the date and reason therefor.
be determined that the purpose for which said bonds have been issued
by such municipality, political corporation or subdivision of this
state, has ceased to exist, the commissioners, board, council, or
other officers of such municipality, political corporation or
subdivision of this state, shall at its next session, either regular
or special, by resolution declare that the purpose for which said
bonds were issued has so ceased to exist, and pursuant thereto shall
authorize and direct its clerk or secretary to issue and publish
notice of such fact and of its intention to cancel and destroy said
bonds, in some newspaper of general circulation within such
municipality, political corporation or subdivision of this state, or
within the county in which same is located, for at least fourteen
(14) days, two insertions being necessary, and such clerk or
secretary shall immediately upon the passage of such resolution post
copies of such notice in five public places within such
municipality, political corporation or subdivision of this state.
Such notice shall specifically designate the bonds to be canceled,
stating the purpose for which issued, the amount and date thereof,
and shall further state in substance that on a day certain not less
than two (2) weeks from the first publication and posting of said
notice, unless formal objection and protest in writing is made by at
Oklahoma Statutes - Title 62. Public Finance Page 370
least one-third (1/3) of the voters, qualified to vote, at the
election by which said bonds were authorized to be issued, the said
commissioners, board, council, or other officers of said
municipality, political corporation or subdivision of this state,
will proceed to cancel and destroy said bonds. Such bonds shall be
destroyed by burning; and the clerk, or secretary, shall make an
entry on the records showing the cancellation and destruction of
said bonds, and the date and reason therefor.
Status: in_force · Read it on the official government site
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