Oklahoma § 82-1125 - Refunding bonds
Full text of Oklahoma Oklahoma Statutes § 82-1125 — Refunding bonds, with citation guidance and answers to common questions.
§ 82-1125. Refunding bonds
The board of directors of a port authority may issue bonds
hereunder for the purpose of refunding any bonds or other
obligations of the port authority theretofore issued pursuant to
this act; or it may authorize a single issue of bonds hereunder for
the purpose in part of refunding such previous obligations and in
part for the making of additions, improvements and extensions to
such buildings and facilities, or the construction and acquisition
of additional buildings and facilities, and furnishing and equipping
thereof.
Where bonds are issued under this paragraph solely for refunding
purposes, such bonds either may be sold as provided in Section 13 of
this act or may be exchanged for outstanding obligations. If sold,
the proceeds either may be applied to payment of obligations
refunded or may be deposited in escrow for the retirement thereof.
All refunding 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 attributes of such
bonds. The board of directors may provide that any such refunding
bonds shall have the same priority of lien on the revenues pledged
for their payment as was provided for obligations refunded thereby.
Laws 1963, c. 314, § 5, emerg. eff. June 19, 1963.
Frequently Asked Questions About Oklahoma § 82-1125
What does Oklahoma Statutes § 82-1125 cover?
Section 82-1125 ("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 § 82-1125?
A common citation format is "Oklahoma Statutes § 82-1125" (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 § 82-1125 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.