Okla. Stat. tit. 62, § 62-306b
This is the official text of Okla. Stat. tit. 62, § 62-306b, 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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Judicial approval of compromise settlement - Release and
Official statutory text
discharge of property.
When any such compromise settlement shall have been duly
executed by the parties and approved by the city council of such
municipality, the same shall be presented to the district court of
the county wherein the property sought to be discharged is situated
upon the petition of the parties, which petition shall recite the
facts and circumstances of the proposed compromise settlement and
pray the confirmation of the same by said court and an order
discharging the property from the lien securing the payment of such
matured and unpaid street improvement bond, or warrant, or district
sanitary sewer, or storm sewer, or sidewalk warrant. At any time
after the filing of such petition the parties may present the same
to said court and the court upon presentation shall examine the same
and if the court shall find that said proposed compromise settlement
is a fair adjustment of the rights and interests of the parties and
the consideration for the same adequate and properly proportioned,
an order shall be entered confirming said compromise settlement and
discharging and releasing the property involved of and from any
charge or lien of any special tax assessed for the purpose of paying
such matured and unpaid bond or warrant; and, said court shall, at
the time of entering of said order, cause to be endorsed upon such
bond or bonds, or warrant or warrants, a statement showing the
discharge and release of such property.
When any such compromise settlement shall have been duly
executed by the parties and approved by the city council of such
municipality, the same shall be presented to the district court of
the county wherein the property sought to be discharged is situated
upon the petition of the parties, which petition shall recite the
facts and circumstances of the proposed compromise settlement and
pray the confirmation of the same by said court and an order
discharging the property from the lien securing the payment of such
matured and unpaid street improvement bond, or warrant, or district
sanitary sewer, or storm sewer, or sidewalk warrant. At any time
after the filing of such petition the parties may present the same
to said court and the court upon presentation shall examine the same
and if the court shall find that said proposed compromise settlement
is a fair adjustment of the rights and interests of the parties and
the consideration for the same adequate and properly proportioned,
an order shall be entered confirming said compromise settlement and
discharging and releasing the property involved of and from any
charge or lien of any special tax assessed for the purpose of paying
such matured and unpaid bond or warrant; and, said court shall, at
the time of entering of said order, cause to be endorsed upon such
bond or bonds, or warrant or warrants, a statement showing the
discharge and release of such property.
Status: in_force · Read it on the official government site
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