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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 70, § 70-23-120: Bond application may be filed with Oklahoma Supreme

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Where this section sits in the code
  1. OK Code
  2. Title 70

Court.

The Authority is authorized in its discretion to file an

application with the Supreme Court of Oklahoma for the approval of

any bonds to be issued thereunder, 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 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 notice published in a

newspaper of general circulation in the state that on a day named

the Authority 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 article 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 Authority, 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

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