Okla. Stat. tit. 62, § 62-57.104
This is the official text of Okla. Stat. tit. 62, § 62-57.104, 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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Serial coupon bonds - Maturities - Interest payment
Official statutory text
dates - Call and redemption.
The Series D Bonds shall be serial coupon bonds. Said bonds and
the interest thereon shall be payable at such place or places as may
be designated by the State of Oklahoma Building Bonds Commission.
The Series D Bonds shall mature on July 15 in the years and amounts,
respectively, as follows:
Years Amounts
1972 $ 200,000.00
1973 $ 200,000.00
1974 $ 200,000.00
1975 $ 400,000.00
1976 $ 400,000.00
1977 $ 400,000.00
1978 $ 700,000.00
1979 $ 700,000.00
1980 $ 700,000.00
1981 $ 700,000.00
1982 $ 700,000.00
1983 $ 700,000.00
1984 $1,000,000.00
1985 $1,000,000.00
1986 $1,000,000.00
Oklahoma Statutes - Title 62. Public Finance Page 247
1987 $1,000,000.00
1988 $1,000,000.00
1989 $1,000,000.00
1990 $1,000,000.00
1991 $1,000,000.00
1992 $1,000,000.00
1993 $1,525,000.00
The Series D Bonds shall bear interest, payable semiannually on
January 15 and July 15 of each year, may be in such denomination or
denominations, may be secured by a reserve to assure prompt payment
of the principal and interest, may be in such form either coupon or
registered, may carry such registration or conversion privileges,
may be executed in such manner, may be payable in such medium of
payment at such place or places, as may be provided by resolution or
resolutions to be adopted by the State of Oklahoma Building Bonds
Commission; provided, that all such bonds maturing on and after ten
(10) years from their dates may be subject to call and redemption,
in inverse order of bond numbers, at par and accrued interest, with
the detailed provisions for such calling and redemption thereof to
be fixed by the Commission in the resolution or resolutions for the
issuance of such bonds. Until such time as the sinking fund shall
be sufficient to retire all outstanding State of Oklahoma
Institutional Building Bonds of 1965, including interest thereon,
there shall be paid into the sinking fund during each fiscal year
from the sources hereinabove pledged such amounts as may be
necessary to pay the interest and principal payable during the next
succeeding fiscal year, and an amount sufficient to satisfy the
reserve requirements as fixed and provided by the State of Oklahoma
Building Bonds Commission in its resolution or resolutions
authorizing the issuance of said bonds. All bonds issued pursuant
to this act shall have all the qualities and incidents of negotiable
paper, and neither said bonds nor the interest earned thereon shall
be subject to taxation by the State of Oklahoma or any county,
municipality or political subdivision thereof.
The Series D Bonds shall be serial coupon bonds. Said bonds and
the interest thereon shall be payable at such place or places as may
be designated by the State of Oklahoma Building Bonds Commission.
The Series D Bonds shall mature on July 15 in the years and amounts,
respectively, as follows:
Years Amounts
1972 $ 200,000.00
1973 $ 200,000.00
1974 $ 200,000.00
1975 $ 400,000.00
1976 $ 400,000.00
1977 $ 400,000.00
1978 $ 700,000.00
1979 $ 700,000.00
1980 $ 700,000.00
1981 $ 700,000.00
1982 $ 700,000.00
1983 $ 700,000.00
1984 $1,000,000.00
1985 $1,000,000.00
1986 $1,000,000.00
Oklahoma Statutes - Title 62. Public Finance Page 247
1987 $1,000,000.00
1988 $1,000,000.00
1989 $1,000,000.00
1990 $1,000,000.00
1991 $1,000,000.00
1992 $1,000,000.00
1993 $1,525,000.00
The Series D Bonds shall bear interest, payable semiannually on
January 15 and July 15 of each year, may be in such denomination or
denominations, may be secured by a reserve to assure prompt payment
of the principal and interest, may be in such form either coupon or
registered, may carry such registration or conversion privileges,
may be executed in such manner, may be payable in such medium of
payment at such place or places, as may be provided by resolution or
resolutions to be adopted by the State of Oklahoma Building Bonds
Commission; provided, that all such bonds maturing on and after ten
(10) years from their dates may be subject to call and redemption,
in inverse order of bond numbers, at par and accrued interest, with
the detailed provisions for such calling and redemption thereof to
be fixed by the Commission in the resolution or resolutions for the
issuance of such bonds. Until such time as the sinking fund shall
be sufficient to retire all outstanding State of Oklahoma
Institutional Building Bonds of 1965, including interest thereon,
there shall be paid into the sinking fund during each fiscal year
from the sources hereinabove pledged such amounts as may be
necessary to pay the interest and principal payable during the next
succeeding fiscal year, and an amount sufficient to satisfy the
reserve requirements as fixed and provided by the State of Oklahoma
Building Bonds Commission in its resolution or resolutions
authorizing the issuance of said bonds. All bonds issued pursuant
to this act shall have all the qualities and incidents of negotiable
paper, and neither said bonds nor the interest earned thereon shall
be subject to taxation by the State of Oklahoma or any county,
municipality or political subdivision thereof.
Status: in_force · Read it on the official government site
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