Okla. Stat. tit. 11, § 11-36-312: Limitation of actions to enforce lien of bonds by

holder not receiving refunding bonds.

The right of any bondholder, who has filed with the municipal

clerk an "Agreement to Accept Street Improvement Refunding Bonds"

but who has not been issued street improvement refunding bonds, to

enforce the lien of any street improvement bond or street

improvement refunding bond by foreclosure, mandamus, tax sale and

resale, refunding, or otherwise, shall be barred upon the expiration

of three (3) years after the date of the filing of his "Agreement to

Accept Street Improvement Refunding Bonds". The running of the

three-year period of limitation shall be an absolute bar to any

action or proceeding brought thereafter, whether the same be plead

as a defense or not, and the property against which the bonds

represented a lien shall thereafter be absolved of any lien or

liability on account of the bonds or "Agreement to Accept Street

Improvement Refunding Bonds". A certificate issued by the municipal

clerk certifying that no holder of any such bonds has either

1. filed his "Agreement to Accept Street Improvement Refunding

Bonds";

2. commenced foreclosure, mandamus, refunding or otherwise,

within the three-year period as prescribed herein; or

3. commenced foreclosure within the three-year period

prescribed in Section 36-310 of this title,

shall operate to remove any cloud upon the title of any property

created by the street improvement bond, the street improvement

refunding bond, or "Agreement to Accept Street Improvement Refunding

Bonds", and the liens represented thereby. Nothing contained in this

section shall be construed to give a remedy where no remedy of any

type or nature previously existed in any bondholder or owner, or to

revive a lien or right where no remedy previously existed.