Okla. Stat. tit. 70, § 70-2210: Approval of bonds by Supreme Court
Where this section sits in the code
- OK Code
- Title 70
The Board is authorized in its discretion to file an application
with the Supreme Court of Oklahoma for the approval of any series of
bonds to be issued hereunder, and exclusive original jurisdiction is
hereby conferred upon the Supreme Court to hear and determine each
such application. It shall be the duty of the Court to give such
applications precedence over the other business of the Court and to
consider and pass upon the applications and any protests which may
be filed thereto as speedily as possible. Notice of the hearing on
each application shall be given by a notice published in a newspaper
of general circulation in the state that on a day named the Board
will ask the court to hear its application and approve the bonds.
Such notice shall inform all persons interested that they may file
protests against the issuance of the bonds and be present at the
hearing and contest the legality thereof. Such notice shall be
published one time not less than ten (10) days prior to the date
named for the hearing and the hearing may be adjourned from time to
time in the discretion of the Court. If the Court shall be
satisfied that the bonds have been properly authorized in accordance
with this act and that when issued they will constitute valid
obligations in accordance with their terms, the Court shall render
its written opinion approving the bonds and shall fix the time
within which a petition for rehearing may be filed. The decision of
the Court shall be a judicial determination of the validity of the
bonds, shall be conclusive as to the Board, its officers, and
agents, and thereafter the bonds so approved and the revenues
pledged to their payment shall be incontestable in any court in the
State of Oklahoma.
Collected 2026-09-14T18:32:36Z. Source file · JSON