Okla. Stat. tit. 82, § 82-1121: Authorization for port authority to borrow money and

issue bonds.

For the purpose of paying all or any part of the cost of

acquiring land or interests therein, and the cost of constructing,

acquiring, equipping, and furnishing buildings, structures, plants,

docks, wharves, warehouses, piers and other port, terminal and

transportation facilities, or any part thereof; including

additions, improvements, relocations, renovations, extensions and

modifications thereof, (all of which as are included in single

project are hereafter referred to in this act as "facility or

facilities"), a port authority created pursuant to 82 O.S.1961,

Section 1102, is authorized to borrow money upon credit of the

income and revenues to be derived from the operation of such

facilities, together with any other available income and revenues

from other revenue-producing facilities of such port authority, and

to issue negotiable bonds of such port authority in such amount as

the board of directors of the port authority shall deem necessary

for the purpose; and to provide for payment of such bonds and

rights of holders thereof as herein provided.