Okla. Stat. tit. 62, § 62-422
This is the official text of Okla. Stat. tit. 62, § 62-422, 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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Authorization by governing body - Notice - Execution and
Official statutory text
attestation - Denominations - Place of payment - Recital as to
issuance under act.
Bonds issued under this act shall be authorized by resolution,
or ordinance, as the case may be, of the governing body of any
county, city, town, township, board of education, school district,
or other municipal corporation issuing such bonds. Notice of the
intention to authorize the issuance of such bonds shall be given by
one publication in a newspaper having a general circulation in said
municipality, and such notice shall briefly state the class of bonds
and interest to be refunded, the approximate amount, and the time
and place of the meeting at which said refunding will be authorized;
such notice shall be published not less than (10) ten nor more than
thirty (30) days prior to the date set therein for the
authorization. The resolution or ordinance authorizing the issuance
of such bonds may be adopted at the time designated in such notice,
or on the date set the governing body may adjourn to a later date
and such resolution or ordinance adopted at such adjourned meeting
without further notice. Bonds issued under this act, by any county,
shall be signed by the chairman of the board of county
commissioners, and attested by the county clerk, under the seal of
the county. Bonds issued by any city shall be signed by the mayor,
and attested by the city clerk, under the seal of the city. Bonds
issued by any towns shall be signed by the president of the board of
trustees, and attested by the town clerk, under the seal of the
town. Bonds issued by any township shall be signed by the trustee,
attested by the township clerk, and countersigned by the township
treasurer; provided, however, where any township has outstanding
indebtedness, which is sought to be refunded under this act, and
where such township form of government has been abolished, such
bonds shall be signed by the chairman of the board of county
commissioners of the county in which such township is located, who
shall sign and act in the place of the trustee or president of the
board of cirectors of such township, and shall be attested by the
county clerk, and countersigned by the county treasurer, acting and
signing in the place of the clerk or treasurer, respectively, of the
board of directors of such township. Bonds issued by the board of
education of any city or town shall be signed by the president, and
attested by the clerk of the board, under the seal of such board.
Bonds issued by any school district shall be signed by the director,
attested by the clerk, and countersigned by the treasurer of such
Oklahoma Statutes - Title 62. Public Finance Page 421
school district board. The interest coupons attached to said bonds
shall be executed by the lithographed facsimile signatures of the
officers designated to sign such bonds. Such bonds may be in any
denomination from One Hundred Dollars ($100.00) to One Thousand
Dollars ($1,000.00), and may be payable at such place as may be
designated upon the face thereof, and they shall contain a recital
that they are issued under this act.
issuance under act.
Bonds issued under this act shall be authorized by resolution,
or ordinance, as the case may be, of the governing body of any
county, city, town, township, board of education, school district,
or other municipal corporation issuing such bonds. Notice of the
intention to authorize the issuance of such bonds shall be given by
one publication in a newspaper having a general circulation in said
municipality, and such notice shall briefly state the class of bonds
and interest to be refunded, the approximate amount, and the time
and place of the meeting at which said refunding will be authorized;
such notice shall be published not less than (10) ten nor more than
thirty (30) days prior to the date set therein for the
authorization. The resolution or ordinance authorizing the issuance
of such bonds may be adopted at the time designated in such notice,
or on the date set the governing body may adjourn to a later date
and such resolution or ordinance adopted at such adjourned meeting
without further notice. Bonds issued under this act, by any county,
shall be signed by the chairman of the board of county
commissioners, and attested by the county clerk, under the seal of
the county. Bonds issued by any city shall be signed by the mayor,
and attested by the city clerk, under the seal of the city. Bonds
issued by any towns shall be signed by the president of the board of
trustees, and attested by the town clerk, under the seal of the
town. Bonds issued by any township shall be signed by the trustee,
attested by the township clerk, and countersigned by the township
treasurer; provided, however, where any township has outstanding
indebtedness, which is sought to be refunded under this act, and
where such township form of government has been abolished, such
bonds shall be signed by the chairman of the board of county
commissioners of the county in which such township is located, who
shall sign and act in the place of the trustee or president of the
board of cirectors of such township, and shall be attested by the
county clerk, and countersigned by the county treasurer, acting and
signing in the place of the clerk or treasurer, respectively, of the
board of directors of such township. Bonds issued by the board of
education of any city or town shall be signed by the president, and
attested by the clerk of the board, under the seal of such board.
Bonds issued by any school district shall be signed by the director,
attested by the clerk, and countersigned by the treasurer of such
Oklahoma Statutes - Title 62. Public Finance Page 421
school district board. The interest coupons attached to said bonds
shall be executed by the lithographed facsimile signatures of the
officers designated to sign such bonds. Such bonds may be in any
denomination from One Hundred Dollars ($100.00) to One Thousand
Dollars ($1,000.00), and may be payable at such place as may be
designated upon the face thereof, and they shall contain a recital
that they are issued under this act.
Status: in_force · Read it on the official government site
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