Okla. Stat. tit. 62, § 62-306: Compromise and settlement of amount due under certain

bonds and warrants and charged against property.

The holder of any matured and unpaid street improvement bonds

or warrants, or district sanitary sewer, or storm sewer, or sidewalk

warrants, issued by any municipal corporation of this state, whether

such bond or warrant be unpaid in part or in whole, together with

the owner of any property which is or shall be charged with a lien

for the payment of any such matured and unpaid bond or warrant, in

whole or in part, by virtue of the act or acts under which such bond

or warrant may have been issued, and together with the mayor and

city council of the issuing municipality are hereby authorized to

enter into a compromise and settlement of the amount due thereon and

charged against any such property.