Oklahoma § 62-657 - Refunding bonds
Full text of Oklahoma Oklahoma Statutes § 62-657 — Refunding bonds, with citation guidance and answers to common questions.
§ 62-657. Refunding bonds
Revenue bonds may be issued hereunder for the purpose of
refunding any obligations issued hereunder. Such refunding bonds
may be combined with bonds issued under the provisions of Section 3
of this act into a single issue. When bonds are issued under this
section for refunding purposes, such bonds may either be sold or
delivered in exchange for the outstanding obligations. If sold, the
proceeds may be either applied to the payment of the obligations
refunded or deposited in escrow for the retirement thereof. All
bonds issued under this section shall in all respects be authorized,
issued, and secured in the manner provided for other bonds issued
under this act and shall have all the attributes of such bonds. The
resolution under which such refunding bonds are issued may provide
that any of the said refunding bonds shall have the same priority of
lien on the revenues pledged for their payment as was enjoyed by the
obligations refunded thereby.
Added by Laws 1961, p. 473, § 7, emerg. eff. Aug. 8, 1961.
Frequently Asked Questions About Oklahoma § 62-657
What does Oklahoma Statutes § 62-657 cover?
Section 62-657 ("Refunding bonds") 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 § 62-657?
A common citation format is "Oklahoma Statutes § 62-657" (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 § 62-657 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.