Okla. Stat. tit. 62, § 62-391
This is the official text of Okla. Stat. tit. 62, § 62-391, 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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Refund of indebtedness authorized - Issue of new bonds
Official statutory text
Every county, every city or town, the board of education of
every city, every township, and every school district, is hereby
authorized and empowered to refund its indebtedness, including
bonds, judgments and warrants, as hereinafter provided, upon such
terms as can be agreed upon, and to issue new bonds with interest in
payment for any sum so refunded; which bonds shall be sold at no
less than par, and shall not be for a longer period then twenty-five
(25) years, shall not exceed in amount the actual amount of
outstanding indebtedness, inclusive of accrued interest and shall
not draw a greater interest than the maximum rate provided by
Section 498.1 of this title.
every city, every township, and every school district, is hereby
authorized and empowered to refund its indebtedness, including
bonds, judgments and warrants, as hereinafter provided, upon such
terms as can be agreed upon, and to issue new bonds with interest in
payment for any sum so refunded; which bonds shall be sold at no
less than par, and shall not be for a longer period then twenty-five
(25) years, shall not exceed in amount the actual amount of
outstanding indebtedness, inclusive of accrued interest and shall
not draw a greater interest than the maximum rate provided by
Section 498.1 of this title.
Status: in_force · Read it on the official government site
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