Okla. Stat. tit. 3, § 3-62: Leases

Whenever it shall be deemed impractical to issue bonds, as above

provided for, such municipal corporation, when deemed necessary or

advisable for the public interest, and without increasing the total

indebtedness of such municipal corporation beyond the Constitutional

limitation, it shall be lawful for such municipal corporation to

lease at a stipulated rental any real estate for use as an airport,

or any improved airport within or without the corporate limits

thereof from any person, firm or corporation which will contract to

lease the same; providing further that in making any such lease

contract the municipal corporation may reserve to such municipal

corporation the option to purchase such real estate or improved

airport in the future.