Okla. Stat. tit. 62, § 62-116: Rights of holders

The holders of all registered bonds issued pursuant to this act

upon the surrender of and exchange for coupon bonds of this state

shall be entitled to the benefit of any adjudication or

determination of any court of this state authorizing the issuance of

the coupon bonds surrendered in exchange therefor, or determining

the validity of the indebtedness evidenced thereby, and the payment

of the principal and interest of all registered bonds issued

pursuant hereto shall be made and provided for out of the taxes

provided or levied for the purpose of paying the coupon bonds which

are surrendered in exchange for such registered bonds. The holders

of any registered bond issued pursuant hereto shall be subrogated to

and entitled to all the rights and remedies of the holders of the

coupon bonds surrendered in exchange for such registered bonds.