2018 Oklahoma Statutes
Title 70. Schools
§70-635. Security for home loan mortgages and notes - Transfer to Permanent School Fund.

Universal Citation: 70 OK Stat § 70-635 (2018)

It shall be the duty of the Commissioners of the Land Office and all the officers of this State who have any control or management of the fund paid to the Corporation Commissioners by the express companies or other companies as refunds for overcharges, and escheated to the State as provided in Chapter 10, Session Laws of 1913, the balance of which fund was, under Section 2, Chapter 194, Session Laws of 1919, being Section 9475, Oklahoma Compiled Statutes of 1921, placed by said Corporation Commissioners and other officers of the state having control or management of said fund, in the hands of the Commissioners of the Land Office, as a security and guarantee fund of second mortgage and notes sold under said Chapter 194, Session Laws of 1919, to place said fund to the credit of the Permanent Common School Fund of the State of Oklahoma, as provided by Article XI, Section 3, of the Constitution of the State of Oklahoma, for escheats.

Laws 1925, c. 24, p. 24, § 2.

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