Oklahoma § 62-423 - Registration of bonds - Cancellation of refunded

§ 62-423. Registration of bonds - Cancellation of refunded

obligations - Preservation - Certificate of refunded obligations Preservation - Certificate of issuance pursuant to law Certification by State Auditor and Inspector.

The clerk or appointed agent of every county, city, town,

township, board of education, school district, or other municipal

corporation in this state, issuing bonds under Sections 421 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 or

appointed agent, showing the date, number and amount thereof, rate

of interest, to whom payable, where payable, and date of maturity;

and all bonded indebtedness refunded under this act shall have the

words "paid in full" marked in plain manner across the face of each

bond refunded; and such canceled obligations shall be carefully

preserved by the clerk or appointed agent of such municipality, or

destroyed, upon resolution or ordinance therefor, as the case may

be, after a registration of the number, amount and date of issuance

having first been made by the clerk or appointed agent; and all

bonds issued under Sections 421 et seq. of this title shall have

endorsed thereon a certificate, signed by the county clerk and the

district attorney of the county in which such issuing municipality

is located, said bonds, or evidence of debt, are issued pursuant to

law, and that said issue is within the debt limit. Thereafter said

refunding bonds shall be delivered to the State Auditor and

Inspector and he shall 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. The provisions of the Registered Public

Obligations Act of Oklahoma shall apply.

Amended by Laws 1983, c. 170, § 53, eff. July 1, 1983.