Okla. Stat. tit. 62, § 62-306b: Judicial approval of compromise settlement - Release and

discharge of property.

When any such compromise settlement shall have been duly

executed by the parties and approved by the city council of such

municipality, the same shall be presented to the district court of

the county wherein the property sought to be discharged is situated

upon the petition of the parties, which petition shall recite the

facts and circumstances of the proposed compromise settlement and

pray the confirmation of the same by said court and an order

discharging the property from the lien securing the payment of such

matured and unpaid street improvement bond, or warrant, or district

sanitary sewer, or storm sewer, or sidewalk warrant. At any time

after the filing of such petition the parties may present the same

to said court and the court upon presentation shall examine the same

and if the court shall find that said proposed compromise settlement

is a fair adjustment of the rights and interests of the parties and

the consideration for the same adequate and properly proportioned,

an order shall be entered confirming said compromise settlement and

discharging and releasing the property involved of and from any

charge or lien of any special tax assessed for the purpose of paying

such matured and unpaid bond or warrant; and, said court shall, at

the time of entering of said order, cause to be endorsed upon such

bond or bonds, or warrant or warrants, a statement showing the

discharge and release of such property.