Oklahoma § 62-57.153 - Schedule of repayment - Interest
Full text of Oklahoma Oklahoma Statutes § 62-57.153 — Schedule of repayment - Interest, with citation guidance and answers to common questions.
§ 62-57.153. Schedule of repayment - Interest
The Series B 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 B Bonds shall mature on January 15 in the years and
amounts, respectively, as follows:
YEAR
AMOUNT
1973
$ 708,000.00
1974
750,000.00
Oklahoma Statutes - Title 62. Public Finance
1975
795,000.00
1976
845,000.00
1977
895,000.00
1978
950,000.00
1979
1,005,000.00
1980
1,070,000.00
1981
1,130,000.00
1982
1,195,000.00
1983
1,270,000.00
1984
1,350,000.00
1985
1,425,000.00
1986
1,510,000.00
1987
1,605,000.00
1988
1,700,000.00
1989
1,800,000.00
1990
1,910,000.00
1991
2,025,000.00
1992
2,140,000.00
The Series B Bonds shall bear interest, payable semiannually on
January 15 and July 15 of each year, shall be in such denomination
or denominations, shall be in such form either coupon or registered,
shall carry such registration or conversion privileges, shall be
executed in such manner, shall be payable in such medium of payment
at such place or places, as shall 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 shall 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 1970, c. 317, § 3, emerg. eff. April 27, 1970.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-57.153
What does Oklahoma Statutes § 62-57.153 cover?
Section 62-57.153 ("Schedule of repayment - Interest") 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 § 62-57.153?
A common citation format is "Oklahoma Statutes § 62-57.153" (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 § 62-57.153 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.