Oklahoma § 70-635 - Security for home loan mortgages and notes - Transfer to

§ 70-635. Security for home loan mortgages and notes - Transfer to

Permanent School Fund.

It shall be the duty of the Commissioners of the Land Office and

all the officers of this State who have any control or management of

the fund paid to the Corporation Commissioners by the express

companies or other companies as refunds for overcharges, and

escheated to the State as provided in Chapter 10, Session Laws of

1913, the balance of which fund was, under Section 2, Chapter 194,

Session Laws of 1919, being Section 9475, Oklahoma Compiled Statutes

of 1921, placed by said Corporation Commissioners and other officers

of the state having control or management of said fund, in the hands

of the Commissioners of the Land Office, as a security and guarantee

fund of second mortgage and notes sold under said Chapter 194,

Session Laws of 1919, to place said fund to the credit of the

Permanent Common School Fund of the State of Oklahoma, as provided

by Article XI, Section 3, of the Constitution of the State of

Oklahoma, for escheats.

Oklahoma Statutes - Title 70. Schools

Laws 1925, c. 24, p. 24, § 2.