Oklahoma Code § 62-830

Title 62. Public Finance: Application to Supreme Court for validation of bonds –
Open in Lexace · Ask the AI about this section
Notice – Conclusiveness of determination.
A.  The Governor is hereby authorized to file an application, at
the Governor's discretion, with the Supreme Court of Oklahoma for
the validation of any bonds to be issued hereunder or for any writ,
including mandamus, which may lie in relation to any action to be
taken by the governing body of a Participating Entity.  Exclusive
original jurisdiction is hereby conferred upon the Supreme Court to
hear and determine each such application.  Notice of the hearing on

each application shall be given by a notice published in a newspaper
of general circulation within the Regional District.  Such notice
shall inform all persons interested that they may file protests
against the validation or approval and be present at the hearing and
contest the same.  Such notice shall be published one time, not less
than ten (10) days prior to the date named for the hearing, and the
hearing may be adjourned from time to time at the discretion of the
court.
B.  In any action to approve bonds, if the Supreme Court is
satisfied that the bonds have been properly authorized in accordance
with the provisions of this act, and that when issued they will
constitute valid obligations of the respective issuers in accordance
with their terms, the Supreme Court shall render its written opinion
approving the bonds and shall fix the time within which a petition
for rehearing may be filed.  The decision of the Supreme Court shall
be a judicial determination of the validity of the bonds, shall be
conclusive as to the governing body of each Participating Entity,
and thereafter the bonds so approved and the revenues pledged to
their payment shall be incontestable in any court of the State of
Oklahoma.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.