Okla. Stat. tit. 11, § 11-37-226: Collection of payments - Bond of clerk - Special fund

The municipal clerk shall be required to execute a good and

sufficient bond, with sureties, and in an amount to be approved by

the governing body, payable to the municipality, conditioned for the

faithful performance of the duties conferred upon him as collector

of the assessments. The municipal clerk shall keep an accurate

account of all assessment collections made by him, and shall pay to

the municipal treasurer daily the amounts of the assessments

collected by him. The amounts so collected and paid to the

municipal treasurer shall constitute a separate, special fund to be

used and applied to the payment of bonds and the interest coupons

which are issued against the assessments. After the payment of all

bonds and interest thereon, any surplus remaining in the fund shall

be paid to the general fund.