Okla. Stat. tit. 3, § 3-530: Striking out or correcting of land description — Enlarging

and contracting of geographical limits — Application for exclusion —

Consent to organization or establishment of municipality —

Furnishing of telephone service and electric power to annexed areas.

A. The Board of Directors may at any time strike out or correct

the description of any land within or claimed to be within the

boundary lines of any spaceport territory upon the consent and

writing of the owners of all the land that would be included or

excluded from the boundary lines of any spaceport territory or

otherwise affected by the taking of such action, and of the owners

of not less than the majority in acreage of all lands within any

spaceport territory. The Board may enlarge the geographical limits

of any spaceport territory to include lands not then within any

spaceport territory as follows:

1. Upon the written consent of the simple majority of owners of

all the land to be included in any spaceport territory and of not

less than a majority in acreage of all the land then within any

spaceport territory; or

2. By resolution of the Board approved at a special election

called for such purpose, by vote of a majority of landowners

residing within the area to be annexed and a majority of landowners

residing within any spaceport territory.

B. The Board may contract the geographical limits of any

spaceport territory so as to exclude from any spaceport territory

any land then within any spaceport territory as follows:

1. Upon the written consent of the owners of all of the land to

be so excluded and of the owners of not less than a majority in

acreage of all the land within any spaceport territory;

2. By resolution of the Board approved at a special election

called for any purposes, by vote of a majority of landowners

residing within the area to be excluded and a majority of the

landowners residing within any spaceport territory; or

3. By resolution of the Board approved by the owners of not

less than a majority in acreage of the land within the spaceport

territory.

C. Nothing in this section shall permit the annexation or

exclusion of lands contrary to the terms, covenants, or conditions

of any of the bonds or obligations of the Oklahoma Space Industry

Development Authority, or in any manner that would impair the

security of the holders of any bonds or other obligations of the

Authority.

D. No town, city or other municipality having any of the powers

of the Authority, or any like powers, shall hereafter be organized

or established by any proceedings under the general laws of this

state if upon such organization or establishment the territorial

limits of such municipality would lie wholly or partly within the

geographic boundaries of any spaceport territory, except upon the

consent in writing given by the owners of a majority in acreage of

the lands within such spaceport territory proposed to be so

incorporated within such municipality. No land within the

geographic boundaries of any spaceport territory shall be annexed to

or incorporated by any proceeding under any general or special law,

now or hereafter enacted into any town, city, or other municipality,

now existing or hereafter created, except upon the consent in

writing given by the owners of a majority in acreage of the lands

within such spaceport territory to be so annexed or incorporated.

E. In the event that the geographic boundaries of the spaceport

territory, as set forth in Section 5213 of this title, are revised

so as to include within the spaceport territory any areas not

presently contained within the spaceport territory, the Authority

shall not engage in the business of furnishing telephone service in

such annexed area unless the Authority offers to purchase from any

telephone company that is at the time engaged in the business of

furnishing telephone service within such annexed area such portion

so as to include within the spaceport territory any areas not

presently contained within the spaceport territory, the Authority

shall not engage in the business of furnishing telephone service in

such annexed area unless the Authority offers to purchase from any

telephone company that is at the time engaged in the business of

furnishing telephone service within such annexed area such portion

of its plant and property suitable and used for such business in

connection therewith as lies within the limits of such annexed area.

F. In the event that the geographic limits of the spaceport

territory, as set forth in Section 5213 of this title, are revised

so as to include within any spaceport territory any areas not

presently contained within any spaceport territory, the Authority

shall not engage in the business of furnishing electric power for

sale in such annexed area, unless the Authority offers to purchase

from any person who is at the time engaged in the business of

making, generating or distributing electricity for sale within such

annexed area, such portion of its electric plant and property

suitable and used for business in connection therewith as lies

within the limits of such annexed area.