Legal Opinion
Le Flore County v. St. Louis-San Francisco Railway Co.
Supreme Court of Oklahoma
Decided September 12, 1939No. 29202PublishedCited by 2 opinions
1Opinion of the Court
WELCH, V. C. J.
The first question presented-involves the amount of levy, in addition to other levies, which the taxing officials may make under chapter 27, S. L. 1933, when the sinking fund does not equal the accrual liabilities.
The section provides:
“It shall be the duty of the officers of each municipal corporation in the state of Oklahoma by law authorized to levy taxes to make a levy each year for a sinking fund, which shall, with cash actually on hand and investments in such fund, excluding taxes in process of collection, be sufficient to pay all bonded indebtedness of such municipality…
2Cases cited5 opinions
- Smart v. Board of County Com'rs of Craig CountySupreme Court of Oklahoma · 1917
- Protest of Kansas City Southern Ry. Co.Supreme Court of Oklahoma · 1932
- Protest of Gulf Pipe Line Co. v. Gulf Pipe Line Co.Supreme Court of Oklahoma · 1934
- Excise Board v. Chicago, R. I. & P. Ry. Co.Supreme Court of Oklahoma · 1934
- Protest of Cities Service Gas Co.Supreme Court of Oklahoma · 1933
3Cited by2 opinions
- Wilson v. City of HollisSupreme Court of Oklahoma · 1943
- State Ins. Fund v. Bd. Com'rs Creek Cty.Supreme Court of Oklahoma · 1945