Oklahoma Statutes
§ 11-26-204 — Perpetual care fund loans - Approval.
Oklahoma·Title 11 Cities And Towns
The perpetual care fund trustee may loan moneys received by him under the direction and with the approval of the court, but only as such loans may be secured by first mortgages upon Oklahoma real estate. No loan shall be made or approved unless it be made to appear to the court that the real estate is ample security for the loan applied for, and that the title to the real estate is good of record and in fact in the party making application for the loan.
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Legislative History
Laws 1977, c. 256, § 26-204, eff. July 1, 1978.
Nearby Sections
15
§ 11-1-101
Short title.§ 11-1-102
Definitions.§ 11-1-103
Saving vested rights.§ 11-10-102
Governing body.§ 11-10-103
Qualifications of councilmembers.§ 11-10-104
Election of mayor and vice-mayor.§ 11-10-105
Duties of mayor and vice-mayor.§ 11-10-108
Council - Meetings.§ 11-10-109
Council - Quorum - Rules and voting.§ 11-10-111
Compensation of elective officers.