Okla. Stat. tit. 63, § 63-3282

This is the official text of Okla. Stat. tit. 63, § 63-3282, 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 Oklahoma State University Medical Authority or the Oklahoma

State University Medical 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 Oklahoma State University

Medical 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 Oklahoma State University Medical

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 of 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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