Oklahoma § 19-896 - Approval of bonds by Supreme Court

§ 19-896. Approval of bonds by Supreme Court

That the board is authorized in its discretion to file an

application with the Supreme Court of Oklahoma for the approval of

any bonds or series of bonds to be issued hereunder, and exclusive

original jurisdiction is hereby conferred upon the Supreme Court to

hear and determine each such application. It shall be the duty of

the Court to give such applications precedence over the other

business of the court and to consider and pass upon the applications

and any protests which may be filed thereto as speedily as possible.

Oklahoma Statutes - Title 19. Counties and County Officers

Notice of the hearing on each application shall be given by a notice

published in a newspaper of general circulation in the county that

on a day named the board will ask the court to hear its application

and approve the bonds. Such notice shall inform all persons

interested that they may file protests against the issuance of the

bonds and be present at the hearing and contest the legality

thereof. Such notice shall be published one (1) time not less than

ten (10) days prior to the date named for the hearing and the

hearing may be adjourned from time to time in the discretion of the

court. If the court shall be satisfied that the bonds have been

properly authorized in accordance with this act and that when issued

they will constitute valid obligations in accordance with their

terms, the court shall render its written opinion approving the

bonds and shall fix the time within which a petition for rehearing

may be filed. The decision of the court shall be a judicial

determination of the validity of the bonds, shall be conclusive as

to the board, its officers and agents, and thereafter the bonds so

approved and the revenues pledged to their payment shall be

incontestable in any court in the State of Oklahoma.

Added by Laws 1949, p. 186, § 11, emerg. eff. May 12, 1949.