Okla. Stat. tit. 11, § 11-22-104: Right to engage in business - Public utilities and

improvements - Eminent domain - Issuance of bonds - Lease of public

utility.

Every municipality shall have the right to:

1. Engage in any business or enterprise which may be engaged in

by a person, firm, or corporation by virtue of a franchise from the

municipality and to do all things necessary and proper in the

discretion of the governing body of the municipality pursuant to the

authority granted to it by the Constitution and laws of this state

to maintain said business or enterprise for the benefit of the

municipality;

2. Acquire, own, and maintain, within or without its corporate

limits, real estate for sites and rights-of-way for any municipal

purpose including but not limited to public utility and public park

purposes, and for the location thereon of waterworks, electric light

and gas plants and other facilities for generating or distributing

energy, ports, airports, hospitals, quarantine stations, garbage

reduction plants, pipelines for the transmission and transportation

of gas, water, stormwater, and sewerage, and for any plant for the

manufacture of any material for public improvement purposes and

public buildings;

3. Exercise the right of eminent domain for any municipal

purpose, within or without its corporate limits, and to establish,

lay, and operate any plant or pipeline upon any land or right-of-way

taken pursuant to eminent domain. Any business or profession which

is affected by the right of eminent domain as exercised pursuant to

the provisions of this section shall be considered as a property

right of the owner thereof and proper allowance therefor shall be

made;

4. Exercise the right to manufacture any material for public

improvement purposes, and to barter or exchange the same for other

material to be used in public improvements in the municipality, or

to sell the same;

5. Issue and sell bonds subject to and by virtue of the

provisions of the Constitution of this state and in the manner and

form provided by law in order to raise the monies to establish and

maintain public utilities, parks, and improvements;

6. Sell or lease to any consumer or corporation, within or

without its boundaries, the commodities and services supplied by

such municipally owned or controlled public utility, business

enterprise, or improvement and to enter into such short- or long-

term contracts, agreements, and stipulations and do all things

necessary and proper to further the capability of the municipality

pursuant to the authority granted to it by the Oklahoma Statutes and

the Constitution of this state to provide said commodities and

services as may be deemed appropriate by the governing body of the

municipality;

7. Lease at a stipulated rental rate any public improvement or

utility from any person, firm, or corporation which will contract to

furnish the same. Any such rental contract shall reserve for the

municipality the option to purchase the improvement or utility in

the future; and

8. Exercise powers necessary to carry out the purpose of the

Local Development Act as set forth in Section 854 of Title 62 of the

Oklahoma Statutes.