Okla. Stat. tit. 11, § 11-39-116: Duty of city relative to assessments and bonds -

Personal liability.

A. Whenever a district has been created and bonds have been

issued to finance the improvement, a city shall either itself, or

acting through a third party administrator:

1. Collect the assessments annually or semiannually;

2. Act as trustee for the benefit of the holders of the bonds;

provided that, the city may contract with a bank with trust powers

to act as trustees;

3. Annually prepare a statement which shall:

a. be available for inspection in the office of the city

treasurer,

b. reflect the financial condition of the district,

c. list all the delinquencies existing at that time, and

d. institute proceedings to foreclose the assessment lien

against any tract or parcel of land which is

delinquent in the payment of the assessment or

installment of an assessment for a period of more than

one (1) year. In lieu of the foreclosure of a lien

against any tract or parcel of land which is

delinquent in the payment of an assessment or

installment of an assessment for a period of more than

one (1) year, a city may accept a deed to the property

subject to the lien if the owner of the property

tenders the deed to the municipality.

B. If more than one district is created, the money from

assessments in each district shall be kept in a separate fund and

used for the payment of principal and interest of the bonds

outstanding against that district. Nothing herein shall prevent the

appointment and compensation by the district of a registrar,

transfer, authenticating, paying or other agents to effect the

transfer of ownership, change of payee of any bond issued by the

district and to maintain books and records relating thereto.

C. Neither any member of the governing body of a city creating

a district nor any person acting on behalf of the city or district,

while acting within the scope of his or her authority, shall be

subject to any personal liability for any action taken or omitted

within that scope of authority.