§ 351. Sales of bonds--Minimum net value plus interest
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 351
§ 351. Sales of bonds--Minimum net value plus interest
It shall be unlawful for any board of county commissioners, governing body of any municipality or school district or any other officer of any such political subdivision of this state, to sell, agree to sell or contract to sell any bonds issued by a vote of the people for any sum less than ninety-nine percent (99%) of the face amount thereof with accrued interest added, and any and all commission allowed any firm, person or corporation for the sale of such bonds must, after being deducted from the sum total for which said bonds are sold, leave in the treasury the sum equal to at least ninety-nine percent (99%) of the face value of the bonds and accrued interest thereof.
Credits
Laws 1913, p. 165, c. 379, § 1, emerg. eff. May 5, 1913; Laws 2001, c. 108, § 1, eff. July 1, 2001.
62 Okl. St. Ann. § 351, OK ST T. 62 § 351
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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