Oklahoma § 62-57.173 Schedule of repayment - Interest.

Oklahoma Statutes

§ 62-57.173 — Schedule of repayment - Interest.

Oklahoma § 62-57.173

Title 62Public Finance

This text of Oklahoma § 62-57.173 (Schedule of repayment - Interest.) 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, § 62-57.173 (2026).

Text

The Series D Bonds shall be serial coupon bonds. Said bonds and the interest thereon shall be payable at such place or places as may be designated by the State of Oklahoma Building Bonds Commission. The Series D Bonds shall mature on January 15 in the years and amounts, respectively, as follows: YEAR AMOUNT 1976 $ 395,000 1977 420,000 1978 445,000 1979 470,000 1980 495,000 1981 520,000 1982 550,000 1983 580,000 1984 615,000 1985 650,000 1986 685,000 1987 725,000 1988 765,000 1989 810,000 1990 855,000 1991 900,000 1992 950,000 1993 1,000,000 1994 1,055,000 1995 1,115,000 The Series D Bonds shall bear interest, payable semiannually on January 15 and July 15 of each year, shall be in such denomination or denominations, shall be in such form either coupon or registered, shall carry such regist

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The Series D Bonds shall be serial coupon bonds. Said bonds and the interest thereon shall be payable at such place or places as may be designated by the State of Oklahoma Building Bonds Commission. The Series D Bonds shall mature on January 15 in the years and amounts, respectively, as follows: YEAR AMOUNT 1976 $ 395,000 1977 420,000 1978 445,000 1979 470,000 1980 495,000 1981 520,000 1982 550,000 1983 580,000 1984 615,000 1985 650,000 1986 685,000 1987 725,000 1988 765,000 1989 810,000 1990 855,000 1991 900,000 1992 950,000 1993 1,000,000 1994 1,055,000 1995 1,115,000 The Series D Bonds shall bear interest, payable semiannually on January 15 and July 15 of each year, shall be in such denomination or denominations, shall be in such form either coupon or registered, shall carry such registration or conversion privileges, shall be executed in such manner, shall be payable in such medium of payment at such place or places, as shall be provided by resolution or resolutions to be adopted by the State of Oklahoma Building Bonds Commission; provided, that all such bonds maturing on and after ten (10) years from their dates may, at the discretion of the Commission, be made subject to call and redemption, in inverse order of bond numbers, at par or with premium, and accrued interest, with the detailed provisions for such calling and redemption thereof and the amount of the premium, if any, to be fixed by the Commission in the resolution or resolutions for the issuance of such bonds. Until such time as the Sinking Fund shall be sufficient to retire all outstanding State of Oklahoma Building Bonds of 1968, including interest thereon, there shall be paid into the Sinking Fund during each fiscal year from the sources hereinabove pledged such amounts as shall be necessary to pay the interest and principal as they become due. All bonds issued pursuant to this act shall have all the qualities and incidents of negotiable paper, and neither said bonds nor the interest earned thereon shall be subject to taxation by the State of Oklahoma or any county, municipality or political subdivision thereof.