Oklahoma § 19-902.12 - Bond election - Resolution - Notice - Conduct of

§ 19-902.12. Bond election - Resolution - Notice - Conduct of

election - Canvass of returns.

A. When the board of directors shall have estimated the cost of

purchases and construction work, it shall call an election at which

shall be submitted to the registered voters of the district, or if

there are no registered voters of the district, the owners of real

property in the district who are registered voters, the question of

whether the bonds of the district shall be issued in the amount so

determined. However, the bonds shall not be issued for more than

the actual estimated cost of such purchase and construction.

B. The resolution of the board calling such election shall

divide the district into voting precincts of convenient size and a

map thereof shall be filed with the district secretary. The

precincts so formed may be changed by the board any time thereafter,

except that no change shall be made within thirty (30) days next

preceding any election. The resolution shall appoint for each

precinct, from the owners of real property in and residents of the

district who are registered voters, or if there are no residents of

the district, the owners of real property in the district who are

registered voters, one clerk and two judges, who shall constitute a

board of election for the precinct. If the members appointed do not

attend at the opening of the polls on the morning of the election,

the board may appoint other owners of real property in and residents

of the district who are registered voters, or if there are no

residents of the district, owners of real property in the district

who are registered voters, to supply the place or places of those

absent. The resolution shall designate the date, hour and place in

the precincts where the election will be held.

C. Notice of the election shall be given by publication in some

newspaper of general circulation in the county in which the district

is located once a week for three (3) consecutive weeks next

Oklahoma Statutes - Title 19. Counties and County Officers

preceding the date of the election, and by posting the notice in

three public places in each election precinct, as established by the

board of directors, for at least twenty (20) days prior to the date

of the election.

The notice shall specify:

1. The date of the election;

2. The location of the polling places;

3. The time that the polls will open and close; and

4. The amount of bonds proposed to be issued.

D. One of the judges of each precinct shall be chairman of the

election board of the precinct and may administer all oaths required

in the progress of the election, and appoint another judge or clerk,

if during the progress of the election any judge or clerk ceases to

act.

E. At the election, the ballots shall contain the words: "Bonds

- Yes", and "Bonds - No", or words equivalent thereto.

F. The election shall be held as nearly as may be in conformity

with the provisions governing the election for the formation of the

district. However, no county election board nor precinct election

board shall be involved in conducting the election. No

informalities in conducting the election shall invalidate the

election if the election shall have been otherwise fairly conducted.

G. The board of directors shall meet as soon as practicable

after the election and canvass the returns. If a majority of the

ballots cast are "Bonds - Yes", the board shall cause negotiable

bonds in the amount to be issued.

Added by Laws 1986, c. 93, § 12, eff. Nov. 1, 1986. Amended by Laws

1997, c. 218, § 4, eff. Nov. 1, 1997.

§19-902.12b. Financing of improvements on pay-as-you-go basis.

A. Nothing in this act shall prevent the board of directors

from using the levy provided for in Section 902.15 of Title 19 of

the Oklahoma Statutes for financing improvements on a pay-as-you-go

basis provided the district has no outstanding bonds or other

evidences of indebtedness. Pay-as-you-go improvements shall be

subject to the assessment limits in Section 902.15 of Title 19 of

the Oklahoma Statutes, shall be approved in the same manner as

described in Section 902.12 of Title 19 of the Oklahoma Statutes and

shall not be approved for more than the actual estimated cost of

such purchase and construction. For the purposes of this section,

“pay-as-you-go improvements” shall be defined as improvements that

are constructed and paid for when necessary revenues are

accumulated.

B. A district choosing to finance improvements on a pay-as-yougo basis shall not issue bonds or other evidences of indebtedness

until a time following the financing and completion of pay-as-you-go

improvements.

Oklahoma Statutes - Title 19. Counties and County Officers

Added by Laws 2009, c. 209, § 1, eff. Nov. 1, 2009.