Oklahoma § 82-1085.37 - Certification of investment certificate proceedings

§ 82-1085.37. Certification of investment certificate proceedings

and sale.

Within ten (10) days of receipt of the transcript of proceedings

on said investment certificates, the Attorney General of Oklahoma

shall examine and approve or disapprove all of the proceedings of

the Board and all resolutions passed and actions taken by it in

connection with the authorization, issuance and sale of such

investment certificates and shall, if he finds such investment

certificate proceedings and sale to be constitutional and lawful,

execute his certificate and file the same of record in the office of

the Secretary of State of Oklahoma, which said certificate shall

read substantially as follows:

I have examined all proceedings had in connection with the

issuance of the Water Resources Investment Certificates in the

aggregate principal amount of $___________, dated ________,

authorized and sold pursuant to ____________, and find said

proceedings and sale to be constitutional, lawful and regular in all

particulars and that said investment certificates will be valid

obligations of the Water Resources Board. Unless suit thereon shall

be brought in the Supreme Court of Oklahoma within thirty (30) days

from the date of this certificate, said investment certificates

shall be incontestable for all purposes.

_____________________

________________________________

Date

Attorney General of Oklahoma

Upon the filing of such certificate, investment certificates

issued pursuant to proceedings so examined by the Attorney General

shall be incontestable for all purposes upon the expiration of

thirty (30) days from the date of such certificate, unless suit be

brought in the Supreme Court of Oklahoma prior to the expiration of

said period. A facsimile of such Attorney General's certificate

Oklahoma Statutes - Title 82. Waters and Water Rights

shall appear on each investment certificate so issued. Failure of

the Attorney General to approve or otherwise act upon such

proceedings as required herein shall, for all purposes, be deemed an

approval of such proceedings and a waiver of the requirement for his

certification. In the absence of an express certification, the

thirty-day period for the filing of suit in the Supreme Court of

Oklahoma shall commence upon the eleventh day following receipt of

the transcript of proceedings in the office of the Attorney General.

The Supreme Court of Oklahoma is hereby vested with exclusive

jurisdiction over any litigation involving the validity of any

investment certificates issued under the provisions of Section

1085.33 of this title.

Amended by Laws 1982, c. 306, § 7, emerg. eff. May 28, 1982.