Okla. Stat. tit. 62, § 62-57.24
This is the official text of Okla. Stat. tit. 62, § 62-57.24, 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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Delivery of bonds upon payment - Deposit and investment
Official statutory text
of proceeds.
The bonds and interest coupons attached thereto shall be
delivered to the purchaser thereof only upon payment of par and
accrued interest to the date of delivery thereof, together with any
premium bid, if any. The proceeds of the sale of said bonds shall
be deposited in the State Treasury of the State of Oklahoma, in a
fund which is hereby created and designated the "1955 Building Bond
Fund", where they shall remain subject to disposition to be provided
for by Legislature of Oklahoma, provided that the State Treasurer of
the State of Oklahoma shall invest said monies in interest-bearing
direct obligations of the United States of America, or of the State
of Oklahoma, and provided further that, all such investments of said
monies must be so made that the same may be liquidated in time to
enable the State of Oklahoma to pay, in due course, the valid
indebtedness incurred for the purpose for which said bonds are
Oklahoma Statutes - Title 62. Public Finance Page 210
issued, when the said indebtedness has been incurred pursuant to
legislative authority.
The bonds and interest coupons attached thereto shall be
delivered to the purchaser thereof only upon payment of par and
accrued interest to the date of delivery thereof, together with any
premium bid, if any. The proceeds of the sale of said bonds shall
be deposited in the State Treasury of the State of Oklahoma, in a
fund which is hereby created and designated the "1955 Building Bond
Fund", where they shall remain subject to disposition to be provided
for by Legislature of Oklahoma, provided that the State Treasurer of
the State of Oklahoma shall invest said monies in interest-bearing
direct obligations of the United States of America, or of the State
of Oklahoma, and provided further that, all such investments of said
monies must be so made that the same may be liquidated in time to
enable the State of Oklahoma to pay, in due course, the valid
indebtedness incurred for the purpose for which said bonds are
Oklahoma Statutes - Title 62. Public Finance Page 210
issued, when the said indebtedness has been incurred pursuant to
legislative authority.
Status: in_force · Read it on the official government site
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