§56-96. Rate of interest - Payment - Signatures - Recording.
152 words·~1 min read·
/ok/title-56-poor-persons/56-96·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds issued as herein provided shall bear interest at a rate not to exceed the maximum rate provided by Section 498.1 of Title 62 of the Oklahoma Statutes, payable semiannually, and of denominations of not less than One Hundred Dollars ($100.00), nor more than One Thousand Dollars ($1,000.00) each. The entire amount shall be payable within twenty-five
(25)years. They shall be signed by the chairman of the board of county commissioners, and countersigned by the county clerk. They shall be recorded by the county clerk and by the State Auditor and Inspector, both of whom shall endorse the same
on the back thereof. Facsimile signatures may be used as provided by the Registered Public Obligations Act of Oklahoma. Added by Laws 1923, c. 138, p. 234, § 6. Amended by Laws 1979, c. 30, § 15, emerg. eff. April 6, 1979; Laws 1983, c. 170, § 39, eff. July 1, 1983.