Okla. Stat. tit. 82, § 82-636.1
This is the official text of Okla. Stat. tit. 82, § 82-636.1, 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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Authority to contract indebtedness
Official statutory text
The board of directors of any Conservancy District or Master
Conservancy District, notwithstanding any other provision of the
Conservancy Act of Oklahoma, and in addition to all other powers
conferred by law, may borrow money and otherwise contract
indebtedness for the purposes set forth in the Conservancy Act of
Oklahoma, and, without limitation of the generality of the
foregoing, to borrow money and accept grants from the United States
of America, or from any corporation or agency created or designated
by the United States of America, and, in connection with such loan
or grant, to enter into such agreements as the United States of
America or such corporation or agency may require; and to issue its
bonds, notes or obligations therefor, and to secure the payment
thereof by mortgage, pledge or deed of trust on all or any property,
assets, franchises, rights, privileges, licenses, rights-of-way,
easements, revenues, or income of the District. The bonds, notes or
obligations issued pursuant to this section shall not be secured or
retired by any assessment of real property located within the
District nor shall they be deemed a general obligation of the State
of Oklahoma, any municipality or the District.
Conservancy District, notwithstanding any other provision of the
Conservancy Act of Oklahoma, and in addition to all other powers
conferred by law, may borrow money and otherwise contract
indebtedness for the purposes set forth in the Conservancy Act of
Oklahoma, and, without limitation of the generality of the
foregoing, to borrow money and accept grants from the United States
of America, or from any corporation or agency created or designated
by the United States of America, and, in connection with such loan
or grant, to enter into such agreements as the United States of
America or such corporation or agency may require; and to issue its
bonds, notes or obligations therefor, and to secure the payment
thereof by mortgage, pledge or deed of trust on all or any property,
assets, franchises, rights, privileges, licenses, rights-of-way,
easements, revenues, or income of the District. The bonds, notes or
obligations issued pursuant to this section shall not be secured or
retired by any assessment of real property located within the
District nor shall they be deemed a general obligation of the State
of Oklahoma, any municipality or the District.
Status: in_force · Read it on the official government site
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