Okla. Stat. tit. 62, § 62-285: Carrying out plan of municipal debt readjustment

Any municipal corporation or political subdivision of this

state shall carry out the plan or plans of municipal debt

readjustment when and if authorized and approved by said Bankruptcy

Court by refunding the same in the amounts and under the terms of

said plan or plans so approved.

Provided, however, that said plan or plans does not authorize

any greater interest than now provided for municipal securities

under the laws of this state, and

Provided further, that any and all issues of bonds, securities

or warrants authorized under any such plan or plans shall be

conducted in conformity with and under the provisions of the laws of

Oklahoma relating to refunding of municipal indebtedness, and

Provided further, that all creditor municipal corporations, as

well as debtor municipal corporations of this state, shall be bound

by the final decree of said Bankruptcy Court confirming the plan of

readjustment of the debtor corporation.