{"data":{"id":"us-ok/okla.-stat.-tit.-2-2-4009","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 2, § 2-4009","heading":"Issuance of revenue bonds","body":"A. Subject to the provisions of paragraph 11 of subsection A of\n\nSection 6 of this act, the Oklahoma State University Veterinary\n\nMedicine Authority may provide by resolution, from time to time, for\n\nthe issuance of revenue bonds for its lawful purposes, in such\n\namount or amounts as are necessary, incidental or convenient to the\n\nexercise of powers, rights, privileges and functions conferred upon\n\nit by the Oklahoma State University Veterinary Medicine Authority\n\nAct or other law. The principal of and interest on any indebtedness\n\nshall be payable solely from the revenues of the Authority and such\n\nother funds as may be provided by law for such payment. The\n\nAuthority may provide for credit enhancement as additional security\n\nor liquidity for its bonds and enter into such agreements as may be\n\nnecessary or appropriate to provide for the repayment of any funds\n\nadvanced by the provider of any such credit enhancement including\n\nthe payment of any fees and expenses incurred in connection\n\ntherewith. The bonds of each issue shall bear interest at fixed or\n\nvariable rates and shall bear an average interest rate not to exceed\n\neleven percent (11%) per annum, shall mature at such time or times\n\nnot exceeding thirty (30) years from their date or dates of issue,\n\nas may be determined by the Authority, and may be made redeemable\n\nbefore maturity at the option of the Authority, at such time or\n\ntimes and at such price or prices and pursuant to such terms and\n\nconditions as may be fixed by the Authority prior to the issuance of\n\nthe bonds. The Authority shall determine the form of the bonds and\n\nthe manner of execution thereof, and shall fix the denominations of\n\nthe bonds and the place or places of payment of principal and\n\ninterest, which may be at any bank and trust company within or\n\nwithout this state. If any officer whose signature or facsimile of\n\nwhose signature appears on any bonds shall cease to be said officer\n\nbefore the delivery of the bonds, the signature or the facsimile\n\nshall nevertheless be valid and sufficient for all purposes, the\n\nsame as if the person had remained in office until such delivery.\n\nAll bonds issued pursuant to the provisions of the Oklahoma State\n\nUniversity Veterinary Medicine Authority Act shall have all the\n\nqualities and incidences of negotiable instruments subject to the\n\nlaws of this state. The Authority may sell the bonds in such\n\namounts and in such manner, either at public or private sale, and\n\nfor such price, as it may determine to be in the best interests of\n\nthe state. If the bonds are not sold by competitive bid, the sale\n\nmust be approved by the State Bond Advisor.\n\nB. All fees and expenses of bond sales must be approved by the\n\nState Bond Advisor and the Bond Oversight Commission. Prior to the\n\npreparation of definitive bonds, the Authority, subject to like\n\nrestrictions, may issue interim receipts or temporary bonds, with or\n\nwithout coupons, exchangeable for definitive bonds which have been\n\nexecuted and are available for delivery. The Authority may also\n\nprovide for the replacement of any bonds which have become mutilated\n\nor which have been destroyed or lost. Except as otherwise provided\n\nby Section 14 of this act, bonds may be issued pursuant to the\n\nprovisions of the Oklahoma State University Veterinary Medicine\n\nAuthority Act without obtaining the consent of any department,\n\ndivision, commission, board, bureau, or agency of this state, and\n\nwithout any other proceedings or the occurrence of any other\n\nconditions or things than those proceedings, conditions, or things\n\nthat are specifically required by the Oklahoma State University\n\nVeterinary Medicine Authority.\n\nC. The Authority may, by resolution, provide for the issuance\n\nof refunding bonds then outstanding, including the payment of any\n\nredemption premium, any interest accrued to the date of redemption\n\nof such bonds, and for incurring additional indebtedness for its\nhose proceedings, conditions, or things\n\nthat are specifically required by the Oklahoma State University\n\nVeterinary Medicine Authority.\n\nC. The Authority may, by resolution, provide for the issuance\n\nof refunding bonds then outstanding, including the payment of any\n\nredemption premium, any interest accrued to the date of redemption\n\nof such bonds, and for incurring additional indebtedness for its\n\nlawful purposes. The issuance of such bonds shall be governed by\n\nthe provisions of the Oklahoma State University Veterinary Medicine\n\nAuthority Act.","path":["OK Code","Title 2"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os2.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"95a8cbc91a465adb8175c8ba2ca7025c8b8bbefa9597d8a592e94e3a83fa1cd1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-2-2-4008","next":"us-ok/okla.-stat.-tit.-2-2-4010"},"notice":"GroundRules: Original legal text. Not legal advice."}