Okla. Stat. tit. 62, § 62-57.135
This is the official text of Okla. Stat. tit. 62, § 62-57.135, 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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Approval of bonds by Supreme Court
Official statutory text
The Commission is authorized in its discretion to file an
application with the Supreme Court of Oklahoma for the approval of
the bonds issued hereunder, and exclusive original jurisdiction is
hereby conferred upon the Supreme Court to hear and determine each
such application. It shall be the duty of the Court to give such
applications precedence over the other business of the Court and to
consider and pass upon such applications and any protests which may
be filed thereto as speedily as possible. Notice of the hearing on
each application shall be given by notice published in a newspaper
of general circulation in the state that on a day named the
commission will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that they
may file protests against the issuance of the bonds and be present
at the hearing and contest the legality thereof. Such notice shall
be published one time not less than ten (10) days prior to the date
named for the hearing and the hearing may be adjourned from time to
time in the discretion of the Court. If the Court shall be
satisfied that the bonds have been properly authorized in accordance
with this act and Section 38, Article X, of the Constitution of
Oklahoma, and that when issued they will constitute valid
obligations in accordance with their terms, the Court shall render
its written opinion approving the bonds and shall fix the time
within which a petition for rehearing may be filed. The decision of
the Court shall be a judicial determination of the validity of the
bonds, shall be conclusive as to the State of Oklahoma, its
officers, agents and instrumentalities, and thereafter the bonds so
approved and the revenues pledged to their payment shall be
incontestable in any court in the State of Oklahoma.
application with the Supreme Court of Oklahoma for the approval of
the bonds issued hereunder, and exclusive original jurisdiction is
hereby conferred upon the Supreme Court to hear and determine each
such application. It shall be the duty of the Court to give such
applications precedence over the other business of the Court and to
consider and pass upon such applications and any protests which may
be filed thereto as speedily as possible. Notice of the hearing on
each application shall be given by notice published in a newspaper
of general circulation in the state that on a day named the
commission will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that they
may file protests against the issuance of the bonds and be present
at the hearing and contest the legality thereof. Such notice shall
be published one time not less than ten (10) days prior to the date
named for the hearing and the hearing may be adjourned from time to
time in the discretion of the Court. If the Court shall be
satisfied that the bonds have been properly authorized in accordance
with this act and Section 38, Article X, of the Constitution of
Oklahoma, and that when issued they will constitute valid
obligations in accordance with their terms, the Court shall render
its written opinion approving the bonds and shall fix the time
within which a petition for rehearing may be filed. The decision of
the Court shall be a judicial determination of the validity of the
bonds, shall be conclusive as to the State of Oklahoma, its
officers, agents and instrumentalities, and thereafter the bonds so
approved and the revenues pledged to their payment shall be
incontestable in any court in the State of Oklahoma.
Status: in_force · Read it on the official government site
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