§ 352. Sale at less than ninety-nine percent of par--Penalties
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 352
§ 352. Sale at less than ninety-nine percent of par--Penalties
Any member of any board of county commissioners, any member of any governing body of a municipality or school district, and any other officer of any of the aforesaid political subdivisions of this state, or any other officer of any political subdivision of this state, who shall sell, or agree to sell, or contract to sell at less than ninety nine percent (99%) of par, any bonds of the political subdivision, shall be guilty of a misdemeanor, forfeit and be removed from office, and in addition, be liable on the person's official bond for the difference between the sum received and ninety-nine percent (99%) of the par value of the bonds with accrued interest thereon.
Credits
Laws 1913, c. 165, p. 380, § 2, emerg. eff. May 5, 1913; Laws 2001, c. 108, § 2, eff. July 1, 2001.
62 Okl. St. Ann. § 352, OK ST T. 62 § 352
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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