§ 73-158. Certificate of regularity - Incontestability.  


Latest version.
  • Within ten (10) days after the sale or sales of said bonds, the Attorney General of the State of Oklahoma shall examine all of the proceedings of the Authority and all resolutions passed and actions taken by it in connection with the authorization, issuance and sale of such bonds and shall, if he finds such bond proceedings and sale to be constitutional and lawful, execute his certificate and file the same of record in the office of the Secretary of State of the State of Oklahoma, which said certificate shall read substantially as follows:

    I have examined all proceedings had in connection with the issuance of the Oklahoma Capitol Improvement Authority Bonds in the aggregate principal amount of $_______________, dated _____________, authorized and sold pursuant to _______________________ (this act), and find said proceedings and sale to be constitutional, lawful and regular in all particulars and that said bonds will be valid obligations of the Oklahoma Capitol Improvement Authority.  Unless suit thereon shall be brought in the Supreme Court of the State of Oklahoma within thirty (30) days from the date of this certificate, said bonds shall be incontestable for all purposes.

    __________________________  __________________________________

    Date                        Attorney General of the

    State of Oklahoma

    Upon the filing of such certificate, bonds issued pursuant to proceedings so examined by the Attorney General shall be incontestable for all purposes upon the expiration of thirty (30) days from the date of such certificate, unless suit be brought in the Supreme Court of Oklahoma prior to the expiration of said period as provided herein.  A facsimile of such Attorney General's certificate shall appear on each bond so issued.  The Supreme Court of Oklahoma is hereby vested with exclusive jurisdiction over any litigation involving the validity of any bonds issued under this act.

Added by Laws 1959, p. 252, § 8, emerg. eff. June 27, 1959.