Okla. Stat. tit. 62, § 62-495
This is the official text of Okla. Stat. tit. 62, § 62-495, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Legislative intent as to bonds issued to develop industry
Official statutory text
The Legislature expressly states that its intention when
submitting to a popular vote the proposed amendment to Article 10,
Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12
of the Twenty-eighth Legislature, and its interpretation thereof as
to making a tax levy not to exceed five (5) mills on the dollar on
the bonds issued thereunder to secure and develop industry in the
event the net taxable valuation of the counties or municipalities
declines subsequent to the issuance of such bonds. This
interpretation will assure the investing public that principal and
interest of such bonds will be paid as they come due, and will aid
the marketability of such bonds.
submitting to a popular vote the proposed amendment to Article 10,
Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12
of the Twenty-eighth Legislature, and its interpretation thereof as
to making a tax levy not to exceed five (5) mills on the dollar on
the bonds issued thereunder to secure and develop industry in the
event the net taxable valuation of the counties or municipalities
declines subsequent to the issuance of such bonds. This
interpretation will assure the investing public that principal and
interest of such bonds will be paid as they come due, and will aid
the marketability of such bonds.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.