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§ 36-309. Refunding street improvement bonds--Authority

Oklahoma Statutes AnnotatedTitle 11. Cities and Towns

Oklahoma Statutes Annotated
Title 11. Cities and Towns (Refs & Annos)
Chapter 1. Municipal Code (Refs & Annos)
Municipal Departments and Services
Article XXXVI. Roads and Streets
Part 3. Street Improvement Bonds
11 Okl.St.Ann. § 36-309
§ 36-309. Refunding street improvement bonds--Authority
Any municipality which has issued street improvement bonds by virtue of the authority of any law or charter provision is authorized to refund the bonds. In refunding such bonds, the governing body may provide for:
1. The levy and collection of assessments to pay the bonds;
2. The retirement of the street improvement bonds originally issued;
3. The cancellation of any or all prior assessments, and penalties and interest, together with interest and penalties that have accrued thereon, by and with the written consent and under written contract with the holders of any series of the street improvement bonds;
4. A written “Agreement to Accept Street Improvement Refunding Bonds” in exchange for the bonds originally issued; and
5. The procedure for such refunding in accordance with applicable law.

Credits

Laws 1977, c. 256, § 36-309, eff. July 1, 1978.
11 Okl. St. Ann. § 36-309, OK ST T. 11 § 36-309
Current with legislation of the Second Regular Session of the 58th Legislature (2022).
End of Document