Oklahoma § 62-391 - Refund of indebtedness authorized - Issue of new bonds
Full text of Oklahoma Oklahoma Statutes § 62-391 — Refund of indebtedness authorized - Issue of new bonds, with citation guidance and answers to common questions.
§ 62-391. Refund of indebtedness authorized - Issue of new bonds
Every county, every city or town, the board of education of
every city, every township, and every school district, is hereby
authorized and empowered to refund its indebtedness, including
bonds, judgments and warrants, as hereinafter provided, upon such
terms as can be agreed upon, and to issue new bonds with interest in
payment for any sum so refunded; which bonds shall be sold at no
less than par, and shall not be for a longer period then twenty-five
(25) years, shall not exceed in amount the actual amount of
outstanding indebtedness, inclusive of accrued interest and shall
not draw a greater interest than the maximum rate provided by
Section 498.1 of this title.
Amended by Laws 1983, c. 170, § 46, eff. July 1, 1983.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-391
What does Oklahoma Statutes § 62-391 cover?
Section 62-391 ("Refund of indebtedness authorized - Issue of new bonds") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-391?
A common citation format is "Oklahoma Statutes § 62-391" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-391 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.