Oklahoma § 70-2210 - Approval of bonds by Supreme Court

§ 70-2210. Approval of bonds by Supreme Court

The Board is authorized in its discretion to file an application

with the Supreme Court of Oklahoma for the approval of any series of

Oklahoma Statutes - Title 70. Schools

bonds to be issued hereunder, and exclusive original jurisdiction is

hereby conferred upon the Supreme Court to hear and determine each

such application. It shall be the duty of the Court to give such

applications precedence over the other business of the Court and to

consider and pass upon the applications and any protests which may

be filed thereto as speedily as possible. Notice of the hearing on

each application shall be given by a notice published in a newspaper

of general circulation in the state that on a day named the Board

will ask the court to hear its application and approve the bonds.

Such notice shall inform all persons interested that they may file

protests against the issuance of the bonds and be present at the

hearing and contest the legality thereof. Such notice shall be

published one time not less than ten (10) days prior to the date

named for the hearing and the hearing may be adjourned from time to

time in the discretion of the Court. If the Court shall be

satisfied that the bonds have been properly authorized in accordance

with this act and that when issued they will constitute valid

obligations in accordance with their terms, the Court shall render

its written opinion approving the bonds and shall fix the time

within which a petition for rehearing may be filed. The decision of

the Court shall be a judicial determination of the validity of the

bonds, shall be conclusive as to the Board, its officers, and

agents, and thereafter the bonds so approved and the revenues

pledged to their payment shall be incontestable in any court in the

State of Oklahoma.

Added by Laws 1961, p. 561, § 10, emerg. eff. June 29, 1961.