Okla. Stat. tit. 11, § 11-22-155: Submission of question of issuance of revenue

obligations to finance acquisition, purchase or construction of

public utility to voters.

Prior to and as a condition precedent to issuing revenue

obligations under the Oklahoma Municipal Utility Revenue Bond Act,

the governing body of a municipality shall submit the question of

issuance of revenue obligations to finance the acquisition, purchase

or construction of a public utility or combination of public

utilities to qualified voters of the municipality at an election if:

1. The type or kind of public utility or utilities to be

financed have not heretofore been owned or operated by the

municipality or a public trust having the municipality as its

beneficiary; or

2. The question of the acquisition, construction or purchase of

the public utility or combination of utilities at issue has not been

previously approved by a lawful majority of qualified voters of the

municipality voting at an election held within ten (10) years of the

date of the election.