Okla. Stat. tit. 62, § 62-475
This is the official text of Okla. Stat. tit. 62, § 62-475, 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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Registration - Treasurer's duty - Effect - Notice of
Official statutory text
"funds on hand" - Interest.
It is hereby made the duty of the treasurer of the county, city,
or town to whom a warrant, certificate of indebtedness or bond is
directed for payment, to register the same by entering the number,
the date, the name of the payee, the fund upon which it is drawn and
Oklahoma Statutes - Title 62. Public Finance Page 436
the amount, and by writing on the warrant or evidence of
indebtedness, the date of registration, his name and official title.
All warrants, certificates of indebtedness or bonds, shall be
registered in the order in which they have been issued, and when so
registered shall be returned to the clerk of the county, city or
town. No warrant, certificate of indebtedness or bond shall be a
valid charge until registered by the treasurer of the municipality
issuing the same as herein provided. Nothing herein shall prevent
the appointment and compensation from time to time by the governing
body of any county, city, or town of a registrar or transfer agent
to effect the transfer of ownership or change of payee of any
certificate of indebtedness or bonds issued by such county, city, or
town and to maintain books and records relating thereto. Nothing in
this section shall prohibit any governing board from using automated
recordkeeping procedures or methods and recording different
information in lieu of the information specified in this section,
provided the information required in this section can be accessed.
Warrants and all evidences of indebtedness shall draw a rate of
interest to be fixed by the governing board not to exceed the
maximum rate provided by Section 498.1 of this title from and after
its registration by the treasurer, unless there is cash on hand to
pay the same when presented for registration and then the treasurer
shall make the same “payable” after registering the same, and no
interest shall be computed or allowed thereon when paid. When the
treasurer has money on hand to pay warrants duly registered, the
treasurer shall publish notice thereof in one issue of a newspaper,
or by posting five notices in public places, and interest shall
cease on the warrants after thirty (30) days from the date of the
publication or posting of said notice.
It is hereby made the duty of the treasurer of the county, city,
or town to whom a warrant, certificate of indebtedness or bond is
directed for payment, to register the same by entering the number,
the date, the name of the payee, the fund upon which it is drawn and
Oklahoma Statutes - Title 62. Public Finance Page 436
the amount, and by writing on the warrant or evidence of
indebtedness, the date of registration, his name and official title.
All warrants, certificates of indebtedness or bonds, shall be
registered in the order in which they have been issued, and when so
registered shall be returned to the clerk of the county, city or
town. No warrant, certificate of indebtedness or bond shall be a
valid charge until registered by the treasurer of the municipality
issuing the same as herein provided. Nothing herein shall prevent
the appointment and compensation from time to time by the governing
body of any county, city, or town of a registrar or transfer agent
to effect the transfer of ownership or change of payee of any
certificate of indebtedness or bonds issued by such county, city, or
town and to maintain books and records relating thereto. Nothing in
this section shall prohibit any governing board from using automated
recordkeeping procedures or methods and recording different
information in lieu of the information specified in this section,
provided the information required in this section can be accessed.
Warrants and all evidences of indebtedness shall draw a rate of
interest to be fixed by the governing board not to exceed the
maximum rate provided by Section 498.1 of this title from and after
its registration by the treasurer, unless there is cash on hand to
pay the same when presented for registration and then the treasurer
shall make the same “payable” after registering the same, and no
interest shall be computed or allowed thereon when paid. When the
treasurer has money on hand to pay warrants duly registered, the
treasurer shall publish notice thereof in one issue of a newspaper,
or by posting five notices in public places, and interest shall
cease on the warrants after thirty (30) days from the date of the
publication or posting of said notice.
Status: in_force · Read it on the official government site
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