Okla. Stat. tit. 74, § 74-9057
This is the official text of Okla. Stat. tit. 74, § 74-9057, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Application to Oklahoma Supreme Court for approval of
Official statutory text
bonds.
The Oklahoma Development Finance Authority may file an
application with the Oklahoma Supreme Court for the approval of
bonds issued under this act, and exclusive original jurisdiction is
Oklahoma Statutes - Title 74. State Government Page 1251
hereby conferred upon the Court to hear and determine each
application. The Court shall give such an application precedence
over the other business of the Court and consider and pass upon the
application and any protests which may be filed against such
application as speedily as possible. Notice of the hearing on each
application shall be given by notice published in a newspaper of
general circulation in the state that on a day named by the
Authority will ask the Oklahoma Supreme Court to hear its
application and approve any bonds issued pursuant to the provisions
of this act. The notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. The 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 at the discretion of the Court. If the Court shall be
satisfied that the bonds or any portions thereof have been properly
authorized in accordance with this act and the Constitution of the
State of Oklahoma, and that, when issued, they 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 a 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, this state, its
officers, agents and instrumentalities and all other persons, and
thereafter the bonds so approved and the revenues pledged to their
payment shall be incontestable in any court in this state.
The Oklahoma Development Finance Authority may file an
application with the Oklahoma Supreme Court for the approval of
bonds issued under this act, and exclusive original jurisdiction is
Oklahoma Statutes - Title 74. State Government Page 1251
hereby conferred upon the Court to hear and determine each
application. The Court shall give such an application precedence
over the other business of the Court and consider and pass upon the
application and any protests which may be filed against such
application as speedily as possible. Notice of the hearing on each
application shall be given by notice published in a newspaper of
general circulation in the state that on a day named by the
Authority will ask the Oklahoma Supreme Court to hear its
application and approve any bonds issued pursuant to the provisions
of this act. The notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. The 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 at the discretion of the Court. If the Court shall be
satisfied that the bonds or any portions thereof have been properly
authorized in accordance with this act and the Constitution of the
State of Oklahoma, and that, when issued, they 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 a 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, this state, its
officers, agents and instrumentalities and all other persons, and
thereafter the bonds so approved and the revenues pledged to their
payment shall be incontestable in any court in this state.
Status: in_force · Read it on the official government site
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