Okla. Stat. tit. 17, § 17-185: Application - Filing - Examination - Issuance of

certificate.

(1) Any public utility desiring to issue securities, or to

create liens to secure evidences of indebtedness, shall file with

the Commission an application verified by its president or vice-

president, (or by the signers of its articles of organization if it

has not yet elected officers), setting forth: (1) The amount and

character of the proposed securities or liens; (2) the general

purposes for which they are to be issued or created, including a

description and statement of the value of any property or services

that are to be received in full or partial payment for the

securities or in a proper case the evidences of indebtedness to be

secured by the lien or liens, and of any property or services

already received by the public utility, the cost of which is to be

reimbursed to the public utility by the proceeds of such securities

or evidences of indebtedness; and (4) a balance sheet of the public

utility as of the most recent available date.

(2) The Commission shall examine all applications filed with it

pursuant to this act, and if the proposed issue of securities or

creation of lien or liens complies with the provisions of this act,

it shall issue to the public utility a certificate of authority

permitting such issue or creation.