Okla. Stat. tit. 62, § 62-306a
This is the official text of Okla. Stat. tit. 62, § 62-306a, 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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Form and contents of compromise settlement
Official statutory text
Oklahoma Statutes - Title 62. Public Finance Page 373
Such compromise settlement shall be in writing and shall
prescribe the bond or bonds, or warrant or warrants involved, the
date of issuance and maturity thereof; and the ordinance under which
the same were issued; it shall also describe the property sought to
be discharged and shall specify the total consideration for such
settlement and the proportions of the same which the bondholder or
warrant holder and the municipality shall each receive. It shall be
executed by such bondholder or warrant holder, the property owner
and the mayor of such municipality and shall be approved by
resolution of the city council of such municipality.
Such compromise settlement shall be in writing and shall
prescribe the bond or bonds, or warrant or warrants involved, the
date of issuance and maturity thereof; and the ordinance under which
the same were issued; it shall also describe the property sought to
be discharged and shall specify the total consideration for such
settlement and the proportions of the same which the bondholder or
warrant holder and the municipality shall each receive. It shall be
executed by such bondholder or warrant holder, the property owner
and the mayor of such municipality and shall be approved by
resolution of the city council of such municipality.
Status: in_force · Read it on the official government site
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