{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-57.64","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-57.64","heading":"Form and terms - Call and redemption - Negotiability -","body":"Tax exemption.\n\nBonds issued under this act shall be serial coupon bonds. Said\n\nbonds and the interest thereon shall be payable at such place or\n\nplaces as may be designated by the State of Oklahoma Building Bonds\n\nCommission. Said bonds shall be issued in series bearing such date\n\nor dates, as set forth in Section 3 herein, and shall mature as\n\nfollows:\n\nSERIES A SERIES B\n\n7/15/68 $225,000.00\n\n7/15/69 $300,000.00 $200,000.00\n\n7/15/70 $300,000.00 $200,000.00\n\n7/15/71 $500,000.00 $200,000.00\n\n7/15/72 $500,000.00 $200,000.00\n\n7/15/73 $500,000.00 $200,000.00\n\n7/15/74 $500,000.00 $200,000.00\n\n7/15/75 $500,000.00 $500,000.00\n\n7/15/76 $500,000.00 $500,000.00\n\n7/15/77 $500,000.00 $500,000.00\n\n7/15/78 $800,000.00 $500,000.00\n\n7/15/79 $800,000.00 $500,000.00\n\n7/15/80 $800,000.00 $700,000.00\n\n7/15/81 $800,000.00 $700,000.00\n\n7/15/82 $800,000.00 $700,000.00\n\n7/15/83 $800,000.00 $700,000.00\n\n7/15/84 $800,000.00 $700,000.00\n\n7/15/85 $800,000.00 $700,000.00\n\n7/15/86 $800,000.00 $700,000.00\n\n7/15/87 $800,000.00 $700,000.00\n\n7/15/88 $800,000.00 $700,000.00\n\n7/15/89 $800,000.00 $700,000.00\n\n7/15/90 $1,500,000.00 $1,300,000.00\n\nSaid bonds shall have interest payable semi-annually on January\n\n15 and July 15 of each year, may be in such denomination or\n\ndenominations, may provide for a reserve to assure prompt payment of\n\nthe principal and interest of the bonds, may be in such form either\n\ncoupon or registered, may carry such registration or conversion\n\nprivileges, may be executed in such manner, may be payable in such\n\nmedium of payment at such place or places, as may be provided by\n\nresolution or resolutions to be adopted by the State of Oklahoma\n\nBuilding Bonds Commission. Provided, that all such bonds maturing\n\non and after ten (10) years from their dates may be subject to call\n\nand redemption, in inverse order of bond numbers, at par and accrued\n\ninterest, with the detailed provisions for such calling and\n\nredemption thereof to be fixed by the Commission in the resolution\n\nfor the issuance of such bonds. Until such time as the State of\n\nOklahoma Institutional Building Bonds of 1965 Sinking Fund shall be\n\nsufficient to retire all outstanding bonds and interest coupons,\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 provided by the State of Oklahoma\n\nBuilding Bonds Commission in its resolution authorizing the issuance\n\nof said bonds. All bonds issued pursuant to this act shall have all\n\nthe qualities and incidents of negotiable paper, and neither said\n\nbonds nor the interest earned thereon shall be subject to taxation\n\nby the State of Oklahoma or any county, municipality or political\n\nsubdivision thereof.","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":"5c4b73865861fd6f6afd345d5c76566e1dc287c2e13c57d07ad323b0c18b0d84","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-57.63","next":"us-ok/okla.-stat.-tit.-62-62-57.65"},"notice":"GroundRules: Original legal text. Not legal advice."}