PROPOSITION NO. 2 (Tulsa, OK 2008)
There was a PROPOSITION NO. 2 on the November 4, 2008 ballot in Tulsa County for voters in the city of Tulsa.
This proposition passed with 95,210 votes in favor of it.[1]
Text of measure
Streets Repair and Rehabilitation Bonds
Shall the City of Tulsa, Oklahoma, incur an indebtedness by issuing its bonds in the sum of Two Hundred Eighty-Five Million and 00/100 Dollars($285,000,000.00) to provide funds (either with or without state or federal aid) for the purpose of constructing, reconstructing, improving, and repairing streets and bridges, as authorized by Section 27, Article X of the Constitution and the laws of the State of Oklahoma, and levy and collect an annual tax, in addition to all other taxes, upon all taxable property in said City, sufficient to pay the interest on said bonds as it falls due, and also to constitute a sinking fund for the payment of principal of said bonds when due, said bonds to bear interest of not more than the maximum rate permitted by law at the time the bonds are issued, payable semiannually and to become due serially within twenty-five (25) years from their date?[2]
Footnotes
| ||||||||
