{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-391","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-391","heading":"Refund of indebtedness authorized - Issue of new bonds","body":"Every county, every city or town, the board of education of\n\nevery city, every township, and every school district, is hereby\n\nauthorized and empowered to refund its indebtedness, including\n\nbonds, judgments and warrants, as hereinafter provided, upon such\n\nterms as can be agreed upon, and to issue new bonds with interest in\n\npayment for any sum so refunded; which bonds shall be sold at no\n\nless than par, and shall not be for a longer period then twenty-five\n\n(25) years, shall not exceed in amount the actual amount of\n\noutstanding indebtedness, inclusive of accrued interest and shall\n\nnot draw a greater interest than the maximum rate provided by\n\nSection 498.1 of this title.","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":"205f3d79491700e6d1ece251c08251e0ebb466580e5f334c0b4fefe7e92158cb","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-385","next":"us-ok/okla.-stat.-tit.-62-62-392"},"notice":"GroundRules: Original legal text. Not legal advice."}