Okla. Stat. tit. 62, § 62-385
This is the official text of Okla. Stat. tit. 62, § 62-385, 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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Counties of 200,000 to 300,000 - Payment of bonds
Official statutory text
notwithstanding running of Statute of Limitations.
In counties having a population of more than two hundred
thousand (200,000) and less than three hundred thousand (300,000)
according to the last Federal Decennial Census of 1950, or any
succeeding Federal Decennial Census, and a net valuation of Two
Hundred Million Dollars ($200,000,000.00) or more, any municipal
corporation, county, township or school district in this state which
has issued or may hereafter issue general obligation bonds which
have or may hereafter become due and payable and against the payment
of which the statute of limitations has or shall have run, may at
its option, authorize the payment of said bonds not withstanding the
fact that the statute of limitations has run and pay said bonds out
of any money on hand in the sinking fund of said municipal
corporation, county, township or school district available for the
payment of such bonds; provided that the governing body of said
municipal corporation, county, township or school district shall, by
resolution duly adopted, authorize said payment.
In counties having a population of more than two hundred
thousand (200,000) and less than three hundred thousand (300,000)
according to the last Federal Decennial Census of 1950, or any
succeeding Federal Decennial Census, and a net valuation of Two
Hundred Million Dollars ($200,000,000.00) or more, any municipal
corporation, county, township or school district in this state which
has issued or may hereafter issue general obligation bonds which
have or may hereafter become due and payable and against the payment
of which the statute of limitations has or shall have run, may at
its option, authorize the payment of said bonds not withstanding the
fact that the statute of limitations has run and pay said bonds out
of any money on hand in the sinking fund of said municipal
corporation, county, township or school district available for the
payment of such bonds; provided that the governing body of said
municipal corporation, county, township or school district shall, by
resolution duly adopted, authorize said payment.
Status: in_force · Read it on the official government site
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