{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-424","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-424","heading":"Tax for payment of bonds and creation of sinking fund","body":"The governing body, or authority of any county, city, town,\n\ntownship, board of education, school district or other municipal\n\ncorporation, issuing refunding bonds under authority of this act,\n\nshall provide, prior to the delivery of said refunding bonds, for a\n\nlevy of annual taxes on all taxable property in the county, city,\n\ntown, township, board of education, school district, or other\n\nmunicipal corporations, as the case may be, sufficient in amount to\n\npay, and for the express purpose of paying, the interest on said\n\nbonds as it falls due, and also to pay and discharge the principal\n\nthereof at maturity; and, in every instance in which any county,\n\ncity, town, township, board of education, school district or other\n\nmunicipal corporation shall issue bonds under this act, it shall be\n\nthe imperative duty of the proper officers, whose duty it may be to\n\nlevy taxes, to annually levy, at the time of making the levy of\n\nother taxes, a tax sufficient in amount to pay the interest upon\n\nsaid bonds and the coupons as they become due, and to create a\n\nsinking fund for the payment of the principal of such bonds at their\n\nmaturity.","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":"89f2dc726aaf0e22800b56ad6875f11f15aee0d124e99fa805aa891ae942e5b5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-423","next":"us-ok/okla.-stat.-tit.-62-62-425"},"notice":"GroundRules: Original legal text. Not legal advice."}