Financing.
(a)The Oklahoma Capitol Improvement Authority is hereby authorized to erect, operate and maintain a building or buildings for the use of the State Department of Public Safety, the place of erection to be upon the state-owned land at Northeast 36th Street and Eastern Avenue in Oklahoma City.
(b)For the purpose of paying the costs of the projects authorized in subsection (a) above, the Authority is hereby authorized to borrow money on the credit of the income and revenues to be derived from such projects and, in anticipation of the collection of such income and revenues, to issue negotiable bonds not to exceed the sum of One Million Three Hundred Thousand Dollars ($1,300,000.00) as may, in the opinion of the Authority, be necessary for such purposes, and is authorized to provide
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Financing. (a) The Oklahoma Capitol Improvement Authority is hereby authorized to erect, operate and maintain a building or buildings for the use of the State Department of Public Safety, the place of erection to be upon the state-owned land at Northeast 36th Street and Eastern Avenue in Oklahoma City. (b) For the purpose of paying the costs of the projects authorized in subsection (a) above, the Authority is hereby authorized to borrow money on the credit of the income and revenues to be derived from such projects and, in anticipation of the collection of such income and revenues, to issue negotiable bonds not to exceed the sum of One Million Three Hundred Thousand Dollars ($1,300,000.00) as may, in the opinion of the Authority, be necessary for such purposes, and is authorized to provide for the payment of such bonds and the rights of the holders thereof, as provided in 73 O.S.1961, Section 153, for other bonds issued by the Authority; provided that the bonds issued hereunder, the income and revenues from the projects herein authorized, and the expenses of operating such projects shall not be commingled with the bonds heretofore issued or the income and revenues of the buildings heretofore built or the expenses of operating such existing buildings. (c) The provisions of 73 O.S.1961, Sections 151 through 166, both inclusive, insofar as the same are not in conflict herewith, shall apply to and govern this act, and the execution of the authorization herein contained. All mandates, authorizations and conditions therein prescribed shall be applicable to this act. (d) It shall be the duty of the Attorney General to represent the Authority in the execution of the provisions of this act, and such Authority shall not employ or pay any sums of money to any private attorney or attorneys. (e) The State Treasurer is hereby authorized and directed to purchase from the Authority, and the Authority is hereby authorized and directed to sell to the State Treasurer, at private sale, at par, all of the bonds issued under this act, as an investment of the public monies in his possession. The State Treasurer shall not sell or otherwise dispose of such bonds or any of them without the express authority, direction and approval of the Legislature.