Oklahoma § 62-396 - Registration of bonds

§ 62-396. Registration of bonds

The clerk of every county, city, town, township, school district

and board of education, issuing bonds under Sections 391 et seq. of

this title shall register the same in his office. Such bonds shall

also, in every case, be registered by the county clerk, showing the

date, number and amount thereof, rate of interest, to whom payable,

where payable, date of maturity, and, if optional, under what

conditions; and all indebtedness refunded under this article shall

have the words "paid in full" marked in a plain manner across the

face of each bond, or warrant refunded; and such canceled

obligations shall be carefully preserved in the office of the county

clerk or destroyed by the county commissioners, a register of the

number, amount and date of issue having been first made by the

Oklahoma Statutes - Title 62. Public Finance

county clerk. The proper officer shall, at the time of issuing

refunding bonds, make out and transfer to the State Auditor and

Inspector a certified statement of all proceedings had by the proper

board or city council as shown of record and that said bonds have

been issued for value in all respects in conformity to this article

for certain indebtedness to be surrendered, definitely describing

the bonds issued and the indebtedness to be surrendered, in exchange

therefor and that they have been duly registered by the attesting

clerk and the county clerk as required herein; which statement shall

be in such form and include such other information as the State

Auditor and Inspector may require, and be signed by all the officers

whose signatures are attached to such bonds, and attested by the

proper clerk, with the corporate seal of the county, city, town,

township, school district or board of education, if any, and duly

acknowledged before the county clerk. And the State Auditor and

Inspector shall, upon being satisfied that such bonds have been

issued according to the provisions of this article, and that the

signatures thereto of the officers signing the same are genuine,

register the same in his office in a book kept for that purpose and

shall, under his seal of office, certify upon such bonds the fact

that they have been registered in his office according to law.

Nothing in Sections 391 et seq. of this title shall be construed to

prohibit options available under the Registered Public Obligations

Act of Oklahoma.

Amended by Laws 1983, c. 170, § 47, eff. July 1, 1983.