{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-281","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-281","heading":"Municipal corporations holding public utility bonds -","body":"Readjustment of indebtedness under bankruptcy laws.\n\nIt shall be lawful for the board of county commissioners of any\n\ncounty in the State of Oklahoma, or the board of education or other\n\ngoverning board of any school district in the State of Oklahoma, or\n\nthe governing board of any other municipal corporation in the State\n\nof Oklahoma, which holds or owns any public utility bonds of any\n\nincorporated city or town of this state, the assessed valuation of\n\nwhich is less than the face value of the entire issue of said bonds\n\nand accrued interest thereon, to accept in writing any plan of\n\nreadjustment of said indebtedness of such city or town which may be\n\nsubmitted by the governing board thereof under Section 80, of\n\nChapter IX, of the Bankruptcy Laws of the United States of America,\n\nas amended in an act entitled \"An Act to Establish an Uniform System\n\nof Bankruptcy Throughout the United States\" approved July 1, 1898,\n\nand acts amendatory thereof and supplementary thereto, approved May\n\n24, 1934, and to accept in full settlement of such indebtedness\n\neither in cash or other securities of such incorporated city or\n\ntown, an amount less than the full amount due on the face of said\n\nbonds and/or interest coupons.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"54547b68a19d8b30d062f07413b5a1baa4680416564fb791db1610560e82a94a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-279","next":"us-ok/okla.-stat.-tit.-62-62-282"},"notice":"GroundRules: Original legal text. Not legal advice."}