Okla. Stat. tit. 70, § 70-15-103
This is the official text of Okla. Stat. tit. 70, § 70-15-103, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Electors - Qualifications
Official statutory text
On the question of issuance of said bonds, no person shall be
qualified to vote unless he be in all respects a school district
elector of such district. In case three-fifths (3/5) of the voters
thereof voting at such election shall vote affirmatively for the
issuance of said bonds, then the said board of education shall issue
the same and not otherwise. The amount of the bonds so voted upon
and issued shall not cause the school district to become indebted in
an amount, including existing indebtedness, in the aggregate
exceeding five percent (5%) of the valuation of the taxable property
therein, to be ascertained from the last assessment for state and
county purposes previous to the incurring of such indebtedness; but
if the school district has an absolute need therefor, such district
may, with the assent of three-fifths (3/5) of the voters thereof,
voting at such election, incur indebtedness to an amount, including
existing indebtedness, in the aggregate exceeding five percent (5%)
but not exceeding ten percent (10%) of the valuation of the taxable
Oklahoma Statutes - Title 70. Schools Page 681
property therein, to be ascertained from the last assessment for
state and county purposes previous to the incurring of such
indebtedness, for the purpose of acquiring or improving school
sites, constructing, repairing, remodeling or equipping buildings or
acquiring school furniture, fixtures or equipment or more than one
or all of such purposes; and such assent to such indebtedness shall
be deemed to be a sufficient showing of such absolute need. Section
26, Article X, of the Oklahoma Constitution, as amended on April 5,
1955, shall hereafter be in full force and effect. Provided, that
any bond election that shall have heretofore been called or held in
accordance with the provisions of Section 26, Article X, of the
Oklahoma Constitution, as amended on April 5, 1955, is hereby
validated if the bonds so authorized at such election have not yet
been sold and delivered.
qualified to vote unless he be in all respects a school district
elector of such district. In case three-fifths (3/5) of the voters
thereof voting at such election shall vote affirmatively for the
issuance of said bonds, then the said board of education shall issue
the same and not otherwise. The amount of the bonds so voted upon
and issued shall not cause the school district to become indebted in
an amount, including existing indebtedness, in the aggregate
exceeding five percent (5%) of the valuation of the taxable property
therein, to be ascertained from the last assessment for state and
county purposes previous to the incurring of such indebtedness; but
if the school district has an absolute need therefor, such district
may, with the assent of three-fifths (3/5) of the voters thereof,
voting at such election, incur indebtedness to an amount, including
existing indebtedness, in the aggregate exceeding five percent (5%)
but not exceeding ten percent (10%) of the valuation of the taxable
Oklahoma Statutes - Title 70. Schools Page 681
property therein, to be ascertained from the last assessment for
state and county purposes previous to the incurring of such
indebtedness, for the purpose of acquiring or improving school
sites, constructing, repairing, remodeling or equipping buildings or
acquiring school furniture, fixtures or equipment or more than one
or all of such purposes; and such assent to such indebtedness shall
be deemed to be a sufficient showing of such absolute need. Section
26, Article X, of the Oklahoma Constitution, as amended on April 5,
1955, shall hereafter be in full force and effect. Provided, that
any bond election that shall have heretofore been called or held in
accordance with the provisions of Section 26, Article X, of the
Oklahoma Constitution, as amended on April 5, 1955, is hereby
validated if the bonds so authorized at such election have not yet
been sold and delivered.
Status: in_force · Read it on the official government site
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