Okla. Stat. tit. 62, § 62-306a: Form and contents of compromise settlement

Such compromise settlement shall be in writing and shall

prescribe the bond or bonds, or warrant or warrants involved, the

date of issuance and maturity thereof; and the ordinance under which

the same were issued; it shall also describe the property sought to

be discharged and shall specify the total consideration for such

settlement and the proportions of the same which the bondholder or

warrant holder and the municipality shall each receive. It shall be

executed by such bondholder or warrant holder, the property owner

and the mayor of such municipality and shall be approved by

resolution of the city council of such municipality.