Okla. Stat. tit. 62, § 62-659

In the event of a default in the payment of the principal of or

interest on any revenue bonds issued under this act, any court

having jurisdiction may appoint a receiver to take charge of the

lands, buildings, and/or facilities acquired, constructed,

reconstructed, extended, equipped, or improved, in whole or in part,

with the proceeds of revenue bonds issued under this act, upon which

lands, buildings, and/or facilities, or any part thereof, there is a

mortgage lien securing the said revenue bonds with reference to

which there is such a default in the payment of principal and/or

interest. The receiver shall have the power to operate and maintain

the said lands, buildings, and/or facilities and to charge and

collect rates and/or rents sufficient to provide for the payment of

the principal of and interest on said bonds, after providing for the

payment of any cost of receivership and operating expenses of said

lands, buildings, and/or facilities, and to apply the income and

revenues derived from said lands, buildings, and/or facilities in

conformity with this act and the resolution or indenture authorizing

and/or securing the said bonds. When the default has been cured,

the receivership shall be ended and the properties returned to the

trustees. The relief afforded by this section shall be construed to

be in addition and supplemental to the remedies that may be afforded

the trustee for the bondholders and the bondholders in the

resolution or indenture authorizing and/or securing the bonds, and

Oklahoma Statutes - Title 62. Public Finance Page 471

shall be so granted and administered as to accord full recognition

to priority rights of bondholders as to the pledge of revenues from,

and the mortgage lien on, said lands, buildings, and/or facilities

as specified in and fixed by the resolutions or indentures

authorizing and/or securing successive bonds issues.