§ 15-2. Limitation on indebtedness--Purchase of realty--Mortgages--Directors' liability
Oklahoma Statutes AnnotatedTitle 2. Agriculture
2 Okl.St.Ann. § 15-2
§ 15-2. Limitation on indebtedness--Purchase of realty--Mortgages--Directors' liability
Agricultural Fair Corporations shall not contract any debts or liabilities in excess of the amount of money in the treasury at the time of contract except for the purchase of real property, for which they may create a debt not exceeding Three Thousand Dollars ($3,000.00), secured by mortgage on the property of the corporation. The directors of any Agricultural Fair Corporation who vote therefor shall be personally liable for any debt contracted or incurred in violation of this section.
Credits
R.L.1910, § 23. Renumbered from Title 2, § 32 and amended by Laws 2001, c. 146, §§ 147, 267, emerg. eff. April 30, 2001.
2 Okl. St. Ann. § 15-2, OK ST T. 2 § 15-2
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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