§ 345. Intent of act--Face value of warrants or bonds
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 345
§ 345. Intent of act--Face value of warrants or bonds
It is the intent and purpose of this act1 to allow the owner of any paving, drainage or street improvement warrants or bonds heretofore or hereafter issued, as described in Sections 1 and 2 of this act,2 to use the same to the extent of their face value in the payment and satisfaction of all paving, drainage and street improvement assessments which have been levied upon his property located in the paving, drainage, or street improvement district in and for which such paving, drainage or improvement warrants or bonds were issued in payment, whether such assessments or installments are due or to become due, and to the extent of the face value of such warrants or bonds tendered in payment thereof, and to cause all penalties hereafter collected, and all such penalties heretofore collected, which may be identified, by the county treasurer on such drainage assessments to be credited to and placed in the funds of such district from which only the warrants and bonds of such district and the interest thereon, issued for the construction of said improvements, may be paid and discharged.
Credits
Laws 1933, c. 58, p. 106, § 5, emerg. eff. April 17, 1933.
62 Okl. St. Ann. § 345, OK ST T. 62 § 345
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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