Okla. Stat. tit. 19, § 19-786: Tax levy - Annual report - Estimate of needs - Issuance of

revenue bonds.

As to general obligation bonds, it shall be the duty of the

officers charged by law with the levying of taxes for county

purposes to levy annually an amount sufficient to pay the interest

due each year on the bonds issued hereunder and at the proper time,

and in addition thereto, to levy an amount sufficient to pay part of

the principal as the same becomes due.

The board of control shall, at the written request of the board

of county commissioners before the end of each fiscal year, file

with the board of county commissioners a report of their proceedings

with reference to such hospital, and shall also file a financial

statement and estimate of needs, and shall at the proper time

certify the amount necessary to maintain and improve said hospital

for the ensuing year.

The excise board of any county in this state which operates a

county hospital shall make an annual levy of not less than one-

fourth of one mill on all the taxable property of the county, the

proceeds of which shall be credited by the county treasurer to the

county hospital fund, the purpose of this levy being to supply funds

for the care of the county charity patients, and shall levy annually

an amount sufficient to maintain such county hospital.

Provided, that in considering and fixing appropriations the

excise board shall take into account as an item of income from

sources other than ad valorem tax the gross operating receipts of

the hospital for the previous fiscal year.

As to self-liquidating revenue bonds, any county may, by its

board of county commissioners, issue negotiable revenue bonds of the

county, for the purpose of constructing a county hospital, or making

alterations or additions to a county hospital. Such revenue bonds

shall be issued in the same manner as revenue bonds issued by an

independent school district to construct recreational facilities

under the provisions of Title 70 of the Oklahoma Statutes, Sections

821.1 through 821.9, inclusive. The bonds shall be secured by a

pledge of and shall be payable from the net revenues of the county

hospital. Provided, that the hospital shall be operated in the same

manner as a county hospital constructed from the proceeds of general

obligation bonds.