Okla. Stat. tit. 11, § 11-22-156: Submission of question of issuance of revenue

obligations to finance improvement 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 improvements to a public

utility or combination of public utilities if:

1. The improvements are with respect to a public utility or

utilities owned by the municipality or by a public trust having the

municipality as its beneficiary at the time of the election; and

2. The original acquisition, purchase or construction of the

public utility or utilities on which improvements are to be made was

not approved by a lawful majority of qualified voters of the

municipality voting at an election for that purpose; or

3. The original acquisition, purchase or construction of the

public utility or utilities on which improvements are to be made was

not accomplished and financed by a public trust of which the

municipality is a beneficiary.