Okla. Stat. tit. 70, § 70-23-121
This is the official text of Okla. Stat. tit. 70, § 70-23-121, 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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Authority is authorized to issue refunding bonds
Official statutory text
Oklahoma Statutes - Title 70. Schools Page 910
The Authority is hereby authorized to provide by resolution for
the issuance of revenue refunding bonds of the Authority for the
purpose of refunding any bonds then outstanding which shall have
been issued under the provisions of this article, including the
payment of any redemption premium thereon and any interest accrued
or to accrue to the date of redemption of such bonds. Each refunding
issue shall be limited to the project in connection with which the
bonds being refunded were issued, and revenues pledged to pay any
such refunding issue shall be limited to the revenue derived from
said separate project. The issuance of such bonds, the maturities
and other details thereof, the rights of the holders thereof, and
the rights, duties and obligations of the Authority in respect of
the same shall be governed by the provisions of this article insofar
as the same may be applicable.
The Authority is hereby authorized to provide by resolution for
the issuance of revenue refunding bonds of the Authority for the
purpose of refunding any bonds then outstanding which shall have
been issued under the provisions of this article, including the
payment of any redemption premium thereon and any interest accrued
or to accrue to the date of redemption of such bonds. Each refunding
issue shall be limited to the project in connection with which the
bonds being refunded were issued, and revenues pledged to pay any
such refunding issue shall be limited to the revenue derived from
said separate project. The issuance of such bonds, the maturities
and other details thereof, the rights of the holders thereof, and
the rights, duties and obligations of the Authority in respect of
the same shall be governed by the provisions of this article insofar
as the same may be applicable.
Status: in_force · Read it on the official government site
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