Oklahoma § 62-654 - Election on issuance of revenue bonds

§ 62-654. Election on issuance of revenue bonds

(a) Revenue bonds may be issued by a public trust as referred to

in Section 2 above for the purposes set forth in Sections 2 and 3

hereof only with the approval of a majority of the qualified

electors of the municipality or county voting at an election called

for that purpose. An election on the question of issuing revenue

bonds shall be held at the request of the trustees at such time as

the governing body of the municipality or the board of county

commissioners of a county shall designate by ordinance or

resolution. Such ordinance or resolution shall specifically state

the purpose for which the bonds are to be issued, the total amount

of the issue and the date upon which the election is to held, which

date shall not occur earlier than thirty (30) days after the passage

of said ordinance or resolution.

(b) The election shall be held and conducted, the vote

canvassed, and the results declared in the manner now or hereafter

provided for municipal or county elections, so far as the same may

be applicable, except as herein otherwise provided.

(c) Notice of the election shall be given by the mayor or board

of county commissioners by advertisement in a newspaper of general

Oklahoma Statutes - Title 62. Public Finance

circulation within the municipality or county once a week for four

(4) consecutive weeks, with the last publication to be not less than

ten (10) days prior to the date of said election.

(d) only qualified electors of the municipality or county shall

have a right to vote at said election.

(e) The results of the election shall be proclaimed by the mayor

or chairman of the board of county commissioners, and shall be

conclusive unless attacked in the courts within thirty (30) days

after the date of such proclamation.

Laws 1961, p. 471, § 4.