Oklahoma § 62-426 Acceptance of funding or refunding bonds in lieu of

Oklahoma Statutes

§ 62-426 — Acceptance of funding or refunding bonds in lieu of

Oklahoma § 62-426

Title 62Public Finance

This text of Oklahoma § 62-426 (Acceptance of funding or refunding bonds in lieu of) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 62, § 62-426 (2026).

Text

warrants, judgments or bonds in sinking fund. The governing board of any county, city, town, township, board of education, school district or any other municipal corporation of this state, holding in its sinking fund either warrants, judgments or bonds, is authorized to enter into an agreement with the governing board of the municipality against which said warrants, judgments or bonds are an obligation thereof, to accept funding or refunding bonds in lieu of said obligations. Said agreement shall provide for the rate of interest said funding or refunding bonds shall bear, which may be less than the rate of interest the indebtedness to be funded bears.

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

warrants, judgments or bonds in sinking fund. The governing board of any county, city, town, township, board of education, school district or any other municipal corporation of this state, holding in its sinking fund either warrants, judgments or bonds, is authorized to enter into an agreement with the governing board of the municipality against which said warrants, judgments or bonds are an obligation thereof, to accept funding or refunding bonds in lieu of said obligations. Said agreement shall provide for the rate of interest said funding or refunding bonds shall bear, which may be less than the rate of interest the indebtedness to be funded bears.