Okla. Stat. tit. 82, § 82-1123
This is the official text of Okla. Stat. tit. 82, § 82-1123, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Bonds issued pursuant to loan or purchase agreement with
Official statutory text
United States Government.
In the event any issue or series of bonds is issued under
authority of this act pursuant to a loan agreement or bond purchase
agreement with any agency of the United States Government, then and
in that event, notwithstanding any other provision of law, the board
of directors of the port authority may in any resolution authorizing
bonds hereunder provide for the initial issuance of one or more
bonds (in this section called "bond") aggregating the amount of the
entire issue; and may make such provision for installment payments
of the principal amount of any such bond as it may consider
desirable; and may provide for the making of any such bond payable
to bearer or otherwise, registrable as to principal or as to both
principal and interest, and where interest accruing thereon is not
represented by interest coupons, for the endorsing of payments of
interest on such bond. The board of directors of the port authority
may further make provision in any such resolution for the manner and
circumstances under which any such bond may in the future, at the
request of the holder thereof, be converted into bonds of smaller
denominations, which bonds of smaller denominations may in turn be
either coupon bonds or bonds registrable as to principal or
principal and interest.
In the event any issue or series of bonds is issued under
authority of this act pursuant to a loan agreement or bond purchase
agreement with any agency of the United States Government, then and
in that event, notwithstanding any other provision of law, the board
of directors of the port authority may in any resolution authorizing
bonds hereunder provide for the initial issuance of one or more
bonds (in this section called "bond") aggregating the amount of the
entire issue; and may make such provision for installment payments
of the principal amount of any such bond as it may consider
desirable; and may provide for the making of any such bond payable
to bearer or otherwise, registrable as to principal or as to both
principal and interest, and where interest accruing thereon is not
represented by interest coupons, for the endorsing of payments of
interest on such bond. The board of directors of the port authority
may further make provision in any such resolution for the manner and
circumstances under which any such bond may in the future, at the
request of the holder thereof, be converted into bonds of smaller
denominations, which bonds of smaller denominations may in turn be
either coupon bonds or bonds registrable as to principal or
principal and interest.
Status: in_force · Read it on the official government site
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