Okla. Stat. tit. 62, § 62-435: Use of fund - Judgments against municipality - Payment

from sinking funds - Reimbursement.

(Application.) Such sinking funds shall be used:

First. For the payment of interest coupons as they fall due.

Second. For the payment of bonds falling due, if any such there

be, and,

Third. For the payment of judgments against the municipality,

if any there be; provided, that when any sinking fund has been used

or may hereafter be used to pay judgments as herein provided, that

notwithstanding the fact that such judgment or judgments have been

paid with such sinking fund, it shall be the duty of the proper

officers to make levies to pay such judgments the same as if the

same had not been paid out of such sinking fund, and when so levied

and collected the same shall be turned into the sinking fund out of

which such judgment or judgments was paid.