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§ 891. Costs and expenses--Paid out of construction fund

Oklahoma Statutes AnnotatedTitle 19. Counties and County Officers

Oklahoma Statutes Annotated
Title 19. Counties and County Officers
Chapter 20. Sewer Improvement Districts
19 Okl.St.Ann. § 891
§ 891. Costs and expenses--Paid out of construction fund
The cost and expense of purchasing and acquiring property and constructing the works and improvements herein provided for shall be wholly paid in cash or in the bonds of said district issued as hereinbefore provided at their par value with accrued interest. The bonds may be issued in series or installments, and shall be turned over and delivered to the contractor in payment of the amount due in accordance with the terms of his contract, including advertising, engineering, and other expenses. Said bonds shall be executed and delivered from time to time on completion and approval of the work or any part thereof, to an amount equal to the cost and expense of purchasing and acquiring property and constructing the works and improvements so completed and accepted. Such bonds or any portion thereof may be sold for cash at not less than par and accrued interest, within the discretion of the board of directors.

Credits

Laws 1947, p. 225, § 21, emerg. eff. May 16, 1947; Laws 1949, p. 185, § 7, emerg. eff. May 12, 1949.
19 Okl. St. Ann. § 891, OK ST T. 19 § 891
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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