Okla. Stat. tit. 62, § 62-438
This is the official text of Okla. Stat. tit. 62, § 62-438, 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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Bonds for city hall - Rentals paid into sinking fund
Official statutory text
That all cities in the State of Oklahoma operating under a
charter form of government, wherein such cities may hereafter issue
bonds for the purpose of raising funds to construct a city hall
building, be and are hereby required to pay into the sinking fund
for the payment of interest and the retirement of such bonds so
issued, all rentals so derived from the use of such parts of the
city hall building as are not required for the use of the city, and
such rentals so acquired over and above maintenance shall be
irrevocably pledged for the payment of the interest and the
retirement of such bonds and shall not be used for any other
purpose.
charter form of government, wherein such cities may hereafter issue
bonds for the purpose of raising funds to construct a city hall
building, be and are hereby required to pay into the sinking fund
for the payment of interest and the retirement of such bonds so
issued, all rentals so derived from the use of such parts of the
city hall building as are not required for the use of the city, and
such rentals so acquired over and above maintenance shall be
irrevocably pledged for the payment of the interest and the
retirement of such bonds and shall not be used for any other
purpose.
Status: in_force · Read it on the official government site
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