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.
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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