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U.S. Code as of:
01/19/04
Section 503. Organization of tribes or bands; constitution; charter; right to participate in revolving credit fund
Any recognized tribe or band of Indians residing in Oklahoma
shall have the right to organize for its common welfare and to
adopt a constitution and bylaws, under such rules and regulations
as the Secretary of the Interior may prescribe. The Secretary of
the Interior may issue to any such organized group a charter of
incorporation, which shall become operative when ratified by a
majority vote of the adult members of the organization voting:
Provided, however, That such election shall be void unless the
total vote cast be at least 30 per centum of those entitled to
vote. Such charter may convey to the incorporated group, in
addition to any powers which may properly be vested in a body
corporate under the laws of the State of Oklahoma, the right to
participate in the revolving credit fund and to enjoy any other
rights or privileges secured to an organized Indian tribe under the
Act of June 18, 1934 (48 Stat. 984) [25 U.S.C. 461 et seq.]:
Provided, That the corporate funds of any such chartered group may
be deposited in any national bank within the State of Oklahoma or
otherwise invested, utilized, or disbursed in accordance with the
terms of the corporate charter.
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