Okla. Stat. tit. 82, § 82-1129: Segregation and use of proceeds from bond sales -

Construction contracts.

The proceeds to be derived from the sale of bonds herein

authorized shall be segregated and used solely for the purpose for

which the bonds are authorized. The board of directors of a port

authority is authorized to make any contracts and execute all

instruments which in its discretion may be deemed necessary or

advisable to provide for the construction, furnishing and equipping

of any building or facility as herein defined.