Oklahoma § 74-5063.13 - Resolution of board of directors - Trust indentures
Full text of Oklahoma Oklahoma Statutes § 74-5063.13 — Resolution of board of directors - Trust indentures, with citation guidance and answers to common questions.
§ 74-5063.13. Resolution of board of directors - Trust indentures
A. All bonds issued hereunder shall be authorized by resolution
of the board of directors. Each such resolution shall contain such
terms, covenants and conditions applicable to the bonds as are
deemed desirable. All bonds issued under this act shall be on a
parity as to security. The resolution of the board may provide for
the execution and delivery by the Oklahoma Development Finance
Authority of a trust indenture or trust indentures, with a bank or
banks located within or without the state, containing any of the
terms, covenants and conditions referred to above, which trust
indenture or trust indentures shall be binding upon the state, and
its officers and officials, to the extent set forth in this act.
B. Any resolution or trust indenture adopted or executed under
this section shall provide that power is reserved to apply to the
payment of debt service on the bonds issued or secured thereunder
all or any part of the Authority's revenues, from whatever source
derived, and, to the extent of such revenues, to release from any
requirement of such resolution or trust indenture other revenues and
Oklahoma Statutes - Title 74. State Government
resources of the state including without limitation, the general
revenue funds required to be appropriated pursuant to this act.
Added by Laws 1987, c. 222, § 83, operative July 1, 1987.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5063.13
What does Oklahoma Statutes § 74-5063.13 cover?
Section 74-5063.13 ("Resolution of board of directors - Trust indentures") 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 § 74-5063.13?
A common citation format is "Oklahoma Statutes § 74-5063.13" (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 § 74-5063.13 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.