Okla. Stat. tit. 62, § 62-57.153
This is the official text of Okla. Stat. tit. 62, § 62-57.153, 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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Schedule of repayment - Interest
Official statutory text
The Series B 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 B Bonds shall mature on January 15 in the years and
amounts, respectively, as follows:
YEAR AMOUNT
1973 $ 708,000.00
1974 750,000.00
Oklahoma Statutes - Title 62. Public Finance Page 263
1975 795,000.00
1976 845,000.00
1977 895,000.00
1978 950,000.00
1979 1,005,000.00
1980 1,070,000.00
1981 1,130,000.00
1982 1,195,000.00
1983 1,270,000.00
1984 1,350,000.00
1985 1,425,000.00
1986 1,510,000.00
1987 1,605,000.00
1988 1,700,000.00
1989 1,800,000.00
1990 1,910,000.00
1991 2,025,000.00
1992 2,140,000.00
The Series B Bonds shall bear interest, payable semiannually on
January 15 and July 15 of each year, shall be in such denomination
or denominations, shall be in such form either coupon or registered,
shall carry such registration or conversion privileges, shall be
executed in such manner, shall be payable in such medium of payment
at such place or places, as shall 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, at the discretion of the
Commission, be made subject to call and redemption, in inverse order
of bond numbers, at par or with premium, and accrued interest, with
the detailed provisions for such calling and redemption thereof and
the amount of the premium, if any, 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 Building Bonds of 1968, including
interest thereon, there shall be paid into the sinking fund during
each fiscal year from the sources hereinabove pledged such amounts
as shall be necessary to pay the interest and principal as they
become due. 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 interest thereon shall be payable at such place or places as may
be designated by the State of Oklahoma Building Bonds Commission.
The Series B Bonds shall mature on January 15 in the years and
amounts, respectively, as follows:
YEAR AMOUNT
1973 $ 708,000.00
1974 750,000.00
Oklahoma Statutes - Title 62. Public Finance Page 263
1975 795,000.00
1976 845,000.00
1977 895,000.00
1978 950,000.00
1979 1,005,000.00
1980 1,070,000.00
1981 1,130,000.00
1982 1,195,000.00
1983 1,270,000.00
1984 1,350,000.00
1985 1,425,000.00
1986 1,510,000.00
1987 1,605,000.00
1988 1,700,000.00
1989 1,800,000.00
1990 1,910,000.00
1991 2,025,000.00
1992 2,140,000.00
The Series B Bonds shall bear interest, payable semiannually on
January 15 and July 15 of each year, shall be in such denomination
or denominations, shall be in such form either coupon or registered,
shall carry such registration or conversion privileges, shall be
executed in such manner, shall be payable in such medium of payment
at such place or places, as shall 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, at the discretion of the
Commission, be made subject to call and redemption, in inverse order
of bond numbers, at par or with premium, and accrued interest, with
the detailed provisions for such calling and redemption thereof and
the amount of the premium, if any, 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 Building Bonds of 1968, including
interest thereon, there shall be paid into the sinking fund during
each fiscal year from the sources hereinabove pledged such amounts
as shall be necessary to pay the interest and principal as they
become due. 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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