Okla. Stat. tit. 62, § 62-435
This is the official text of Okla. Stat. tit. 62, § 62-435, 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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Use of fund - Judgments against municipality - Payment
Official statutory text
from sinking funds - Reimbursement.
(Application.) Such sinking funds shall be used:
First. For the payment of interest coupons as they fall due.
Second. For the payment of bonds falling due, if any such there
be, and,
Third. For the payment of judgments against the municipality,
if any there be; provided, that when any sinking fund has been used
or may hereafter be used to pay judgments as herein provided, that
notwithstanding the fact that such judgment or judgments have been
paid with such sinking fund, it shall be the duty of the proper
officers to make levies to pay such judgments the same as if the
same had not been paid out of such sinking fund, and when so levied
and collected the same shall be turned into the sinking fund out of
which such judgment or judgments was paid.
(Application.) Such sinking funds shall be used:
First. For the payment of interest coupons as they fall due.
Second. For the payment of bonds falling due, if any such there
be, and,
Third. For the payment of judgments against the municipality,
if any there be; provided, that when any sinking fund has been used
or may hereafter be used to pay judgments as herein provided, that
notwithstanding the fact that such judgment or judgments have been
paid with such sinking fund, it shall be the duty of the proper
officers to make levies to pay such judgments the same as if the
same had not been paid out of such sinking fund, and when so levied
and collected the same shall be turned into the sinking fund out of
which such judgment or judgments was paid.
Status: in_force · Read it on the official government site
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