Oklahoma § 62-422 - Authorization by governing body - Notice - Execution and

§ 62-422. Authorization by governing body - Notice - Execution and

attestation - Denominations - Place of payment - Recital as to

issuance under act.

Bonds issued under this act shall be authorized by resolution,

or ordinance, as the case may be, of the governing body of any

county, city, town, township, board of education, school district,

or other municipal corporation issuing such bonds. Notice of the

intention to authorize the issuance of such bonds shall be given by

one publication in a newspaper having a general circulation in said

municipality, and such notice shall briefly state the class of bonds

and interest to be refunded, the approximate amount, and the time

and place of the meeting at which said refunding will be authorized;

such notice shall be published not less than (10) ten nor more than

thirty (30) days prior to the date set therein for the

authorization. The resolution or ordinance authorizing the issuance

of such bonds may be adopted at the time designated in such notice,

or on the date set the governing body may adjourn to a later date

and such resolution or ordinance adopted at such adjourned meeting

without further notice. Bonds issued under this act, by any county,

shall be signed by the chairman of the board of county

commissioners, and attested by the county clerk, under the seal of

the county. Bonds issued by any city shall be signed by the mayor,

and attested by the city clerk, under the seal of the city. Bonds

issued by any towns shall be signed by the president of the board of

trustees, and attested by the town clerk, under the seal of the

town. Bonds issued by any township shall be signed by the trustee,

attested by the township clerk, and countersigned by the township

treasurer; provided, however, where any township has outstanding

indebtedness, which is sought to be refunded under this act, and

where such township form of government has been abolished, such

bonds shall be signed by the chairman of the board of county

commissioners of the county in which such township is located, who

shall sign and act in the place of the trustee or president of the

board of cirectors of such township, and shall be attested by the

county clerk, and countersigned by the county treasurer, acting and

signing in the place of the clerk or treasurer, respectively, of the

board of directors of such township. Bonds issued by the board of

education of any city or town shall be signed by the president, and

attested by the clerk of the board, under the seal of such board.

Bonds issued by any school district shall be signed by the director,

attested by the clerk, and countersigned by the treasurer of such

Oklahoma Statutes - Title 62. Public Finance

school district board. The interest coupons attached to said bonds

shall be executed by the lithographed facsimile signatures of the

officers designated to sign such bonds. Such bonds may be in any

denomination from One Hundred Dollars ($100.00) to One Thousand

Dollars ($1,000.00), and may be payable at such place as may be

designated upon the face thereof, and they shall contain a recital

that they are issued under this act.

Laws 1935, p. 126, § 2.