{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-57.42","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-57.42","heading":"Approval of bonds by Supreme Court","body":"The Commission is authorized in its discretion to file an\n\napplication with the Supreme Court of Oklahoma for the approval of\n\nany series of bonds to be issued hereunder, and exclusive original\n\njurisdiction is hereby conferred upon the Supreme Court to hear and\n\ndetermine each such application. It shall be the duty of the Court\n\nto give such applications precedence over the other business of the\n\ncourt and to consider and pass upon such applications and any\n\nprotests which may be filed thereto as speedily as possible. Notice\n\nof the hearing on each application shall be given by notice\n\npublished in an newspaper of general circulation in the state that\n\non a day named the Commission will ask the Court to hear its\n\napplication and approve the bonds. Such notice shall inform all\n\npersons interested that they may file protests against the issuance\n\nof the bonds and be present at the hearing and contest the legality\n\nthereof. Such notice shall be published one time not less than ten\n\n(10) days prior to the date named for the hearing and the hearing\n\nmay be adjourned from time to time in the discretion of the Court.\n\nIf the Court shall be satisfied that the bonds have been properly\n\nauthorized in accordance with this act and Section 34, Article X, of\n\nthe Constitution of Oklahoma, and that when issued they will\n\nconstitute valid obligations in accordance with their terms, the\n\nCourt shall render its written opinion approving the bonds and shall\n\nfix the time within which a petition for rehearing may be filed. The\n\ndecision of the Court shall be a judicial determination of the\n\nvalidity of the bonds, shall be conclusive as to the State of\n\nOklahoma, its officers, agents and instrumentalities, and thereafter\n\nthe bonds so approved and the revenues pledged to their payment\n\nshall be incontestable in any court in the State of Oklahoma.","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":"16cbd5726dfb0c325373b36a113ce09fae04bde4c7af8ff4f5f47084d62ed7c2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-57.41","next":"us-ok/okla.-stat.-tit.-62-62-57.43"},"notice":"GroundRules: Original legal text. Not legal advice."}