Oklahoma § 62-442 - Courthouse - Use of sinking fund for construction - Tax

§ 62-442. Courthouse - Use of sinking fund for construction - Tax

levy - Special courthouse fund - Warrants against fund.

The board of county commissioners is hereby authorized to use

for the purpose of erecting or rebuilding a county courthouse or a

superior court building at such points in the county as the board

may deem necessary and to furnish and equip such building, and for

such purpose, said board is authorized to use any or all of the

unassigned portions of the sinking fund of the county derived from

penalties, interest or forfeitures accrued or to accrue and in

addition thereto, is authorized to make and enter a levy of not to

exceed one (1) mill of tax in any one (1) year and under the

existing laws such tax shall be annually added to the funds herein

provided for and which said levy may be equal to but not to exceed

the constitutional limitation of eight (8) mills; provided further,

that there is hereby authorized to be created by resolution a

courthouse fund of any such county which shall be known and

designated as a special courthouse fund and all monies as aforesaid

shall be converted into and become a part of said special fund and

shall be irrevocably pledged to the payment of the costs of the

construction or rebuilding or repair of any such courthouse. Such

board of county commissioners is further authorized to issue time

warrants against said special fund which shall run serially and

shall bear interest not to exceed six percent (6%), per annum, which

interest shall be payable annually; when such warrants have been

issued, then the levies so made and the accumulations of penalties,

interests and forfeitures which constitute the fund from which such

time warrants are payable; provided, that this act shall not affect

or impair the provisions of Chapter 209, Session Laws of Oklahoma,

1919, being otherwise known as Chapter 80, Session Laws of Oklahoma,

1921.

Laws 1923, c. 86, p. 151, § 1; Laws 1925, c. 13, p. 15, § 1.