Okla. Stat. tit. 62, § 62-351
This is the official text of Okla. Stat. tit. 62, § 62-351, 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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Sales of bonds - Minimum net value plus interest
Official statutory text
It shall be unlawful for any board of county commissioners,
governing body of any municipality or school district or any other
officer of any such political subdivision of this state, to sell,
agree to sell or contract to sell any bonds issued by a vote of the
people for any sum less than ninety-nine percent (99%) of the face
amount thereof with accrued interest added, and any and all
commission allowed any firm, person or corporation for the sale of
such bonds must, after being deducted from the sum total for which
said bonds are sold, leave in the treasury the sum equal to at least
ninety-nine percent (99%) of the face value of the bonds and accrued
interest thereof.
governing body of any municipality or school district or any other
officer of any such political subdivision of this state, to sell,
agree to sell or contract to sell any bonds issued by a vote of the
people for any sum less than ninety-nine percent (99%) of the face
amount thereof with accrued interest added, and any and all
commission allowed any firm, person or corporation for the sale of
such bonds must, after being deducted from the sum total for which
said bonds are sold, leave in the treasury the sum equal to at least
ninety-nine percent (99%) of the face value of the bonds and accrued
interest thereof.
Status: in_force · Read it on the official government site
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