Court Opinion

ID: 3794070
Source: CourtListenerOpinion
Date Created: 2016-07-06 07:39:47.49131+00
Date Added: 2024-06-11T09:23:36.591502
License: Public Domain

OPINION — AG — ** SECURITIES — BONDS — PERMANENT SCHOOL FUND ** (SUBJECT, OF COURSE, TO THE COMPLIANCE WITH THE PROVISIONS OF ARTICLE XI, SECTION 6 OKLAHOMA CONSTITUTION, AND 64 O.S. 51 [64-51] THAT PREFERENCE SHALL BE GIVEN TO THE SECURITIES NAMED THEREIN IN THE ORDER NAMED THEREIN, AND THE PROVISIONS OF 64 O.S. 51 [64-51] THAT SUFFICIENT MONEY SHALL BE KEPT ON HAND AT ALL TIMES BY THE COMMISSIONERS OF THE LAND OFFICE TO CLOSE ALL APPROVED APPLICATIONS FOR FIRST MORTGAGE LOANS, AS MAY BE APPROVED FROM TIME TO TIME BY THE COMMISSIONERS OF THE LAND OFFICE) THE INVESTMENT OF $3,200,000.00 OF MONEYS BELONGING TO THE PERMANENT SCHOOL FUND AND OTHER EDUCATIONAL FUNDS UNDER THE CONTROL OF THE COMMISSIONERS OF THE LAND OFFICE, IN UNITED STATES OF AMERICA TREASURY BONDS OF 1995 ISSUED PURSUANT TO TREASURY DEPARTMENT, AND THAT SUCH BONDS ARE " VALID " WITHIN THE CONTEMPLATION OF 64 O.S. 51 [64-51] (FUNDS, INVESTMENT, VALIDITY) CITE: 64 O.S. 51 [64-51] (JAMES C. HARKIN)