{"data":{"id":"us-ok/okla.-stat.-tit.-82-82-1125","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 82, § 82-1125","heading":"Refunding bonds","body":"The board of directors of a port authority may issue bonds\n\nhereunder for the purpose of refunding any bonds or other\n\nobligations of the port authority theretofore issued pursuant to\n\nthis act; or it may authorize a single issue of bonds hereunder for\n\nthe purpose in part of refunding such previous obligations and in\n\npart for the making of additions, improvements and extensions to\n\nsuch buildings and facilities, or the construction and acquisition\n\nof additional buildings and facilities, and furnishing and equipping\n\nthereof.\n\nWhere bonds are issued under this paragraph solely for refunding\n\npurposes, such bonds either may be sold as provided in Section 13 of\n\nthis act or may be exchanged for outstanding obligations. If sold,\n\nthe proceeds either may be applied to payment of obligations\n\nrefunded or may be deposited in escrow for the retirement thereof.\n\nAll refunding bonds issued under this section shall in all respects\n\nbe authorized, issued and secured in the manner provided for other\n\nbonds issued under this act and shall have all attributes of such\n\nbonds. The board of directors may provide that any such refunding\n\nbonds shall have the same priority of lien on the revenues pledged\n\nfor their payment as was provided for obligations refunded thereby.","path":["OK Code","Title 82"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os82.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"56a9c4b12530541c37f7fe653f54c3b899fb92ae3adc402d9e7bd21a7b3cd308","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-82-82-1124","next":"us-ok/okla.-stat.-tit.-82-82-1126"},"notice":"GroundRules: Original legal text. Not legal advice."}