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APPLICATION OF BOARD OF REGENTS OF UNIV. OF OKL.

No. 42053.

427 P.2d 429 (1966)

Application of the BOARD OF REGENTS OF the UNIVERSITY OF OKLAHOMA, for the approval of Regents of the University of Oklahoma, University of Oklahoma Refunding and Housing and Dining System Bonds of 1966 in the principal sum of $27,465,000 and for the approval of Regents of the University of Oklahoma Student Facilities Revenue Bonds of 1966, Series E, in the principal sum of $1,367,000.

Supreme Court of Oklahoma.

June 28, 1966.

Attorney(s) appearing for the Case

George J. Fagin, Andrew J. Haswell, Jr., Oklahoma City, David Swank, Norman, Okl., for applicant.

WILLIAMS, Justice.

The principal questions for our determination herein are, first, whether the Legislature may validly authorize the governing board of a college or university to issue "advance refunding bonds" (payable solely from revenues) and whether the bonds of the two series with which this case is concerned, when issued, will be valid in all respects. Our answers to these questions are in the affirmative.

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