Opinion No. 52-0220

Oklahoma Attorney General Reports

Opinion No. 52-0220

Oklahoma Attorney General Reports·Decided February 20, 1952·Published

Opinion

OPINION — AG — ** BONDS — SCHOOL — DEPOSIT ** (1) THE PROCEEDS OF SAID INSURANCE POLICY SHOULD, UPON RECEIPT BY THE BOARD OF COUNTY COMMISSIONERS, BE DEPOSITED WITH THE COUNTY TREASURER AND THEREAFTER BE EXPENDED ONLY IN PURSUANCE OF A LAWFUL APPROPRIATION. WE ASSUME, IN THIS CONNECTION, THAT THE BUILDING THAT WAS DESTROYED WAS NOT BUILD FROM " BOND " MONEY. (2) FROM AN EXAMINATION OF SAID LEASE, WE FAIL TO SEE HOW THERE WAS ANY LAWFUL CONSIDERATION THEREFOR, THE STATED CONSIDERATION BEING WHOLLY FOREIGN TO THE PURPOSE FOR WHICH THE COUNTY EXISTS. (BUILDING, LEASE AGREEMENT, RENTAL, PROCEEDS, CONSTRUCTION) CITE: 19 O.S. 627 [19-627], 62 O.S. 335 [62-335], 70 O.S. 5-18 [70-5-18] (J. H. JOHNSON)

Free access — add to your briefcase to read the full text and ask questions with AI

OPINION — AG — ** BONDS — SCHOOL — DEPOSIT ** (1) THE PROCEEDS OF SAID INSURANCE POLICY SHOULD, UPON RECEIPT BY THE BOARD OF COUNTY COMMISSIONERS, BE DEPOSITED WITH THE COUNTY TREASURER AND THEREAFTER BE EXPENDED ONLY IN PURSUANCE OF A LAWFUL APPROPRIATION. WE ASSUME, IN THIS CONNECTION, THAT THE BUILDING THAT WAS DESTROYED WAS NOT BUILD FROM " BOND " MONEY. (2) FROM AN EXAMINATION OF SAID LEASE, WE FAIL TO SEE HOW THERE WAS ANY LAWFUL CONSIDERATION THEREFOR, THE STATED CONSIDERATION BEING WHOLLY FOREIGN TO THE PURPOSE FOR WHICH THE COUNTY EXISTS. (BUILDING, LEASE AGREEMENT, RENTAL, PROCEEDS, CONSTRUCTION) CITE: 19 O.S. 627 [19-627], 62 O.S. 335 [62-335], 70 O.S. 5-18 [70-5-18] (J. H. JOHNSON)

Opinion No. 52-0220, (Okla. Super. Ct. 1952).

Pincite

Opinion No. 52-0220 (Opinion No. 52-0220) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.