The proceeds to be derived from the sale of bonds herein authorized shall be segregated and used solely for the purpose for which the bonds are authorized. The board of directors of a port authority is authorized to make any contracts and execute all instruments which in its discretion may be deemed necessary or advisable to provide for the construction, furnishing and equipping of any building or facility as herein defined. Laws 1963, c. 314, § 9, emerg. eff. June 19, 1963.
Okla. Stat. tit. 82, § 1129
Segregation and use of proceeds from bond sales - Construction contracts
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.