Oklahoma § 62-57.123 - Issuance and sale of bonds - Series

§ 62-57.123. Issuance and sale of bonds - Series

The Commission, acting for and on behalf of the State of

Oklahoma, shall issue, sell and deliver, as hereinafter provided,

"State of Oklahoma Building Bonds of 1968" in the principal sum of

Ninety-nine Million Eight Hundred Eight Thousand Dollars

($99,808,000.00). The Commission is hereby authorized and directed

to issue, sell and deliver said bonds as follows:

Series A, in the principal sum of Thirty Million Three Hundred

Thousand Dollars ($30,300,000.00) on or about July 15, 1969;

Series B, in the principal sum of Twenty-five Million Dollars

($25,000,000.00), on or about July 15, 1970;

Series C, in the principal sum of Twenty-five Million Dollars

($25,000,000.00), on or about July 15, 1971; and

Oklahoma Statutes - Title 62. Public Finance

Series D, in the principal sum equal to the balance of the

amount authorized in Section 38, Article X of the Oklahoma

Constitution.

The bonds in Series B, C and D shall not be sold, issued or

delivered until the Legislature has enacted a bill or joint

resolution (1) confirming the authorization contained in this

section, (2) confirming or adjusting the amount of bonds to be sold

and (3) determining the schedule for the payments into the sinking

fund and maturity schedule for such series. All proceeds from the

sale of such bonds shall be deposited in the State Treasury to the

credit of the "State of Oklahoma Building Bonds of 1968 Fund" which

is hereby created.

Laws 1969, c. 339, § 3, emerg. eff. May 8, 1969.