Southwestern Bell Telephone Co. v. Oklahoma County Excise Board

DOOLIN, Justice:

We are called upon to determine the legality of certain sinking fund levies levied by the cities of Oklahoma City and Lawton for the fiscal year 1979-80 budgets. A determination of that question requires an interpretation of portions of 85 O.S.Supp. 1977, § 149, 62 O.S.1971, § 362, and Article 10, Section 26, of the Oklahoma Constitution. The controversy over the legality of the sinking fund levies comes about in the following manner: Southwestern Bell Telephone Company and Mustang Fuel Corporation officially protested the levies made by the City of Oklahoma City, and the…