Okla. Stat. tit. 73, § 73-159
This is the official text of Okla. Stat. tit. 73, § 73-159, part of Oklahoma’s Stat. tit. 73, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 73,." Browse the sections below, each linked to its official government source.
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Delivery of bonds upon payment - Deposit and investment of
Official statutory text
proceeds.
The bonds shall be delivered to the purchaser thereof only upon
payment of par and accrued interest to the date of delivery thereof,
together with any premium bid, if any. The proceeds of the sale of
said bonds shall be deposited in the State Treasury of the State of
Oklahoma, in a fund which is hereby created and designated the
"Oklahoma Capitol Improvement Authority Fund", where they shall
remain subject to disposition to be provided for by the Authority,
provided that the State Treasurer of the State of Oklahoma shall
invest said monies in interest bearing direct obligations of the
United States of America, or of the State of Oklahoma, and provided
further that all such investments of said monies must be so made
that the same may be liquidated in time to enable the Authority to
pay, in due course, the valid indebtedness incurred by the Authority
for the purposes set forth in this act.
The bonds shall be delivered to the purchaser thereof only upon
payment of par and accrued interest to the date of delivery thereof,
together with any premium bid, if any. The proceeds of the sale of
said bonds shall be deposited in the State Treasury of the State of
Oklahoma, in a fund which is hereby created and designated the
"Oklahoma Capitol Improvement Authority Fund", where they shall
remain subject to disposition to be provided for by the Authority,
provided that the State Treasurer of the State of Oklahoma shall
invest said monies in interest bearing direct obligations of the
United States of America, or of the State of Oklahoma, and provided
further that all such investments of said monies must be so made
that the same may be liquidated in time to enable the Authority to
pay, in due course, the valid indebtedness incurred by the Authority
for the purposes set forth in this act.
Status: in_force · Read it on the official government site
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