Okla. Stat. tit. 63, § 63-1-719: Bonds of counties, cities and towns

Any county, city, or town is hereby authorized to issue bonds

for constructing and equipping a hospital, community mental health

facility, public health center, or related health facility, to be

owned and operated by such county, city, or town in accordance with

standards approved by the State Commissioner of Health; provided,

that such bonds may be issued to construct a jointly owned and

operated hospital, community mental health facility, public health

center, or related health facility, by two or more counties, or by

one or more counties and a city or cities, or by two or more cities.

Except as provided in the Municipal and County Economic and

Community Development Bonds Act pursuant to Section 800 et seq. of

Title 62 of the Oklahoma Statutes, the bonds shall be issued upon

the assent thereto of three-fifths (3/5) of the voters of the

subdivision issuing the bonds, voting at an election held for that

purpose. The proposition voted on shall state specifically the type

of hospital facility to be constructed. Such election shall be

called by the governing board or managing body of such subdivision.

Notice of the election shall be published for two (2) successive

weeks in a weekly or daily newspaper, having a general circulation

in the subdivision. The bonds shall be made to mature serially as

now provided by law and shall be sold at an advertised sale under

existing laws. The rate of interest shall not exceed eight percent

(8%) per annum. The bonds shall be submitted to the Attorney

General for his approval as ex officio Bond Commissioner of the

state.