Oklahoma Code § 62-495

Title 62. Public Finance: Legislative intent as to bonds issued to develop industry
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The Legislature expressly states that its intention when
submitting to a popular vote the proposed amendment to Article 10,
Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12
of the Twenty-eighth Legislature, and its interpretation thereof as
to making a tax levy not to exceed five (5) mills on the dollar on
the bonds issued thereunder to secure and develop industry in the
event the net taxable valuation of the counties or municipalities
declines subsequent to the issuance of such bonds.  This
interpretation will assure the investing public that principal and
interest of such bonds will be paid as they come due, and will aid
the marketability of such bonds.

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