Oklahoma § 62-57.128 - Series A Bonds

§ 62-57.128. Series A Bonds

The Series A Bonds shall be serial coupon bonds. Said bonds and

the interest thereon shall be payable at such place or places as may

be designated by the State of Oklahoma Building Bonds Commission.

The Series A Bonds shall mature on January 15 in the years and

amounts, respectively, as follows:

YEARS

AMOUNTS

1972

$ 850,000.00

1973

900,000.00

1974

1,000,000.00

1975

1,000,000.00

1976

1,100,000.00

1977

1,100,000.00

1978

1,200,000.00

1979

1,300,000.00

1980

1,300,000.00

1981

1,400,000.00

1982

1,500,000.00

Oklahoma Statutes - Title 62. Public Finance

1983

1,550,000.00

1984

1,650,000.00

1985

1,750,000.00

1986

1,850,000.00

1987

1,950,000.00

1988

2,050,000.00

1989

2,150,000.00

1990

2,250,000.00

1991

2,450,000.00

The Series A Bonds shall bear interest, payable semiannually on

January 15 and July 15 of each year, may be in such denomination or

denominations, may be in such form either coupon or registered, may

carry such registration or conversion privileges, may be executed in

such manner, may be payable in such medium of payment at such place

or places, as may be provided by resolution or resolutions to be

adopted by the State of Oklahoma Building Bonds Commission,

provided, that all such bonds maturing on and after ten (10) years

from their dates may, at the discretion of the Commission, be made

subject to call and redemption, in inverse order of bond numbers, at

par or with premium, and accrued interest, with the detailed

provisions for such calling and redemption thereof and the amount of

the premium, if any, to be fixed by the Commission in the resolution

or resolutions for the issuance of such bonds. Until such time as

the sinking fund shall be sufficient to retire all outstanding State

of Oklahoma Building Bonds of 1968, including interest thereon,

there shall be paid into the sinking fund during each fiscal year

from the sources hereinabove pledged such amounts as may be

necessary to pay the interest and principal as they become due. All

bonds issued pursuant to this act shall have all the qualities and

incidents of negotiable paper, and neither said bonds nor the

interest earned thereon shall be subject to taxation by the State of

Oklahoma or any county, municipality or political subdivision

thereof.

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