Okla. Stat. tit. 62, § 62-57.173
This is the official text of Okla. Stat. tit. 62, § 62-57.173, 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.
Schedule of repayment - Interest
Official statutory text
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 January 15 in the years and
amounts, respectively, as follows:
YEAR AMOUNT
1976 $ 395,000
1977 420,000
1978 445,000
1979 470,000
1980 495,000
1981 520,000
1982 550,000
1983 580,000
1984 615,000
1985 650,000
1986 685,000
1987 725,000
1988 765,000
Oklahoma Statutes - Title 62. Public Finance Page 269
1989 810,000
1990 855,000
1991 900,000
1992 950,000
1993 1,000,000
1994 1,055,000
1995 1,115,000
The Series D 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 D Bonds shall mature on January 15 in the years and
amounts, respectively, as follows:
YEAR AMOUNT
1976 $ 395,000
1977 420,000
1978 445,000
1979 470,000
1980 495,000
1981 520,000
1982 550,000
1983 580,000
1984 615,000
1985 650,000
1986 685,000
1987 725,000
1988 765,000
Oklahoma Statutes - Title 62. Public Finance Page 269
1989 810,000
1990 855,000
1991 900,000
1992 950,000
1993 1,000,000
1994 1,055,000
1995 1,115,000
The Series D 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
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.