{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-57.305","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-57.305","heading":"Series and form of bonds - Place of payment - Maturity","body":"dates - Particulars of resolution or indenture of Commission -\n\nPayments into sinking fund - Negotiability - Tax exemption.\n\nA. The bonds may be issued in one or more series and shall be\n\nin the form designated by the Commission. Said bonds and the\n\ninterest thereon shall be payable at such place or places as may be\n\ndesignated by the Commission. The bonds shall mature on such dates\n\nas designated by the Commission. A schedule of maturity dates\n\nshowing the years and amounts shall be designated by the Commission\n\nfor each series issued.\n\nB. The bonds may bear interest, may be sold in such manner and\n\nat such price or prices, may bear such date or dates, may mature at\n\nsuch time or times, not to exceed thirty (30) years from their date,\n\nmay be in such denomination or denominations, may carry such\n\nregistration or conversion privileges, may be executed in such\n\nmanner, may be payable in such medium of payments, at such place or\n\nplaces, and may bear such rate or rates of interest, and shall be\n\nsubject to such call for redemption, with or without premium, as may\n\nbe provided by resolution or indenture of the Commission. Until\n\nsuch time as the Oklahoma Building Bonds of 1992 Sinking Fund shall\n\nbe sufficient to retire all outstanding bonds and interest thereon,\n\nthere shall be paid into said sinking fund during each fiscal year,\n\nfrom the sources hereinabove pledged such amounts as may be\n\nnecessary to pay the interest and principal payable during the next\n\nsucceeding fiscal year, and an amount sufficient to satisfy the\n\nreserve requirements as fixed and approved by the Oklahoma Building\n\nBonds Commission in its resolution or indenture authorizing the\n\nissuance of said bonds.\n\nC. All bonds issued pursuant to this act shall have all of the\n\nqualities and incidents of negotiable paper. The bonds, the\n\ntransfer thereof and the interest earned on said bonds, including\n\nany profit derived from the sale thereof, shall not be subject to\n\ntaxation of any kind by the State of Oklahoma, or by any county,\n\nmunicipality or political subdivision therein.","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":"0997b2ad63f455c7915af19b747e73791a5119a3375703fe3f6db68214fceb00","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-57.304","next":"us-ok/okla.-stat.-tit.-62-62-57.306"},"notice":"GroundRules: Original legal text. Not legal advice."}