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§ 876. Bonds exempted from taxation except inheritance tax--Bonds as securities

Oklahoma Statutes AnnotatedTitle 82. Waters and Water Rights

Oklahoma Statutes Annotated
Title 82. Waters and Water Rights
Chapter 8. Grand River Dam Authority
82 Okl.St.Ann. § 876
§ 876. Bonds exempted from taxation except inheritance tax--Bonds as securities
All bonds and the interest thereon issued pursuant to the provisions of this act shall be exempt from taxation, except inheritance taxes, by the State of Oklahoma or by any municipal corporation, county or other political subdivision or taxing district of the state.
Bonds issued under the provisions of this act1 are hereby made securities in which all public officers and public bodies, agencies and instrumentalities of the state and its political subdivisions, all banks, trust companies, trust and loan associations, investment companies, and others carrying on a banking business, and all insurance companies and insurance associations, and others carrying on an insurance business, may legally and properly invest funds including capital in their control or belonging to them. Such bonds are also approved as collateral security for the deposit of any public funds and for the investment of trust funds.

Credits

Laws 1935, p. 358, § 16. Laws 1981, c. 204, § 19, eff. May 26, 1981.

Footnotes

Title 82, § 861 et seq.
82 Okl. St. Ann. § 876, OK ST T. 82 § 876
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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