Upon application by the governing board of a public trust, as defined
in Sections 164 and 176 of Title 60 of the Oklahoma Statutes, the
Transportation Commission may set speed limits and promulgate
regulations governing uniform traffic control to comply with the
provisions of Title 47 of the Oklahoma Statutes for the reasonable and
safe operation of motor vehicles on property situated within the state
and owned by or under the control of the public trust.
Speed limits and regulations so established shall be enforceable when
appropriate signs giving notice thereof are erected. The cost of such
signs shall be borne by the public trust. Any person driving on such
property in violation of the speed limit or regulation so established
shall, upon conviction, be punished in the same manner as provided for
persons convicted of violating other provisions of Sections 11-101 et
seq. of Title 47 of the Oklahoma Statutes.