Okla. Stat. tit. 62, § 62-495: Legislative intent as to bonds issued to develop industry

The Legislature expressly states that its intention when

submitting to a popular vote the proposed amendment to Article 10,

Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12

of the Twenty-eighth Legislature, and its interpretation thereof as

to making a tax levy not to exceed five (5) mills on the dollar on

the bonds issued thereunder to secure and develop industry in the

event the net taxable valuation of the counties or municipalities

declines subsequent to the issuance of such bonds. This

interpretation will assure the investing public that principal and

interest of such bonds will be paid as they come due, and will aid

the marketability of such bonds.