Oklahoma Code § 73-159

Title 73. State Capital And Capitol Building: Delivery of bonds upon payment - Deposit and investment of
Open in Lexace · Ask the AI about this section
proceeds.
The bonds shall be delivered to the purchaser thereof only upon
payment of par and accrued interest to the date of delivery thereof,
together with any premium bid, if any.  The proceeds of the sale of
said bonds shall be deposited in the State Treasury of the State of
Oklahoma, in a fund which is hereby created and designated the
"Oklahoma Capitol Improvement Authority Fund", where they shall
remain subject to disposition to be provided for by the Authority,
provided that the State Treasurer of the State of Oklahoma shall
invest said monies in interest bearing direct obligations of the
United States of America, or of the State of Oklahoma, and provided
further that all such investments of said monies must be so made
that the same may be liquidated in time to enable the Authority to
pay, in due course, the valid indebtedness incurred by the Authority
for the purposes set forth in this act.

‹ 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.