Oklahoma § 62-495 - Legislative intent as to bonds issued to develop industry
Full text of Oklahoma Oklahoma Statutes § 62-495 — Legislative intent as to bonds issued to develop industry, with citation guidance and answers to common questions.
§ 62-495. Legislative intent as to bonds issued to develop industry
The Legislature expressly states that its intention when
submitting to a popular vote the proposed amendment to Article 10,
Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12
of the Twenty-eighth Legislature, and its interpretation thereof as
to making a tax levy not to exceed five (5) mills on the dollar on
the bonds issued thereunder to secure and develop industry in the
event the net taxable valuation of the counties or municipalities
declines subsequent to the issuance of such bonds. This
interpretation will assure the investing public that principal and
interest of such bonds will be paid as they come due, and will aid
the marketability of such bonds.
Added by Laws 1967, c. 64, § 1, emerg. eff. April 17, 1967.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-495
What does Oklahoma Statutes § 62-495 cover?
Section 62-495 ("Legislative intent as to bonds issued to develop industry") 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 § 62-495?
A common citation format is "Oklahoma Statutes § 62-495" (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 § 62-495 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.