Okla. Stat. tit. 62, § 62-57.24: Delivery of bonds upon payment - Deposit and investment

of proceeds.

The bonds and interest coupons attached thereto shall be

delivered to the purchaser thereof only upon payment of par and

accrued interest to the date of delivery thereof, together with any

premium bid, if any. The proceeds of the sale of said bonds shall

be deposited in the State Treasury of the State of Oklahoma, in a

fund which is hereby created and designated the "1955 Building Bond

Fund", where they shall remain subject to disposition to be provided

for by Legislature of Oklahoma, provided that the State Treasurer of

the State of Oklahoma shall invest said monies in interest-bearing

direct obligations of the United States of America, or of the State

of Oklahoma, and provided further that, all such investments of said

monies must be so made that the same may be liquidated in time to

enable the State of Oklahoma to pay, in due course, the valid

indebtedness incurred for the purpose for which said bonds are

issued, when the said indebtedness has been incurred pursuant to

legislative authority.