{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-22-153","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-22-153","heading":"Authority to issue certain revenue bonds and","body":"obligations - Limitations.\n\nAny municipality may issue its obligations in the manner set out\n\nin the Oklahoma Municipal Utility Revenue Bond Act in order to\n\nfinance, or to refinance, all or a part of the cost of the\n\nacquisition, purchase or construction of, or the making of\n\nimprovements to any public utility owned or to be owned exclusively\n\nby said municipality, and said obligations shall be payable from and\n\nsecured by the revenues resulting from the operation of the\n\nmunicipality's revenue-producing public utilities or any part\n\nthereof. Provided, nothing herein shall authorize or be construed\n\nto authorize a municipality to create a lien or mortgage on, or a\n\nsecurity interest in or with respect to such public utility or\n\nutilities to secure said obligations. The obligations, when issued\n\nand delivered, shall state on the face thereof that the revenue\n\nindebtedness or contractual obligations created thereby are limited\n\nobligations of the municipality payable from and secured by a lien\n\nand charge on the revenues of funds pledged for their payment by the\n\ngoverning body of the municipality and shall not constitute a\n\ngeneral indebtedness of the municipality, nor shall it invoke or\n\nrequire the imposition of the general taxing power of such\n\nmunicipality.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"53b6464461acdb841768c38a769a4d1e868ef31555e679b89e9899a863a00332","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-22-152","next":"us-ok/okla.-stat.-tit.-11-11-22-154"},"notice":"GroundRules: Original legal text. Not legal advice."}