Okla. Stat. tit. 63, § 63-3217

This is the official text of Okla. Stat. tit. 63, § 63-3217, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.

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Issuance of bonds - Approval of Supreme Court

Official statutory text

The University Hospitals Authority or the University Hospitals

Trust may file an application with the Supreme Court of the State of

Oklahoma for approval of any bonds to be issued under the provisions

of the University Hospitals Authority Act, and exclusive original

jurisdiction is hereby conferred upon the Supreme Court to hear and

determine such application. The Supreme Court shall give such

applications precedence over the other business of the Court and

consider and determine the validity of the bonds and consider the

application and any protest which may be filed thereto. Notice of

the hearing on each application shall be given by notice published

in a newspaper of general circulation in this state that on a day

named the Authority or the Trust will ask the Court to hear the

application and approve the bonds. Such notice shall inform all

interested parties that they may file a protest against the issuance

of the bonds, may be present at the hearing, and may 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 is satisfied that the bonds have been properly

authorized in accordance with the University Hospitals Authority

Act, and that when issued such bonds 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 the 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 Authority or the Trust, its

officers and agents, 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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