The horse was found sawed into pieces in the closet of an apartment.
James Gunter May -- from Devol, Oklahoma -- is indicted on his charge of "theft under 20- thousand dollars."
And Calvin Wayne Rickman is indicted on his charge of "theft over 15- hundred and under 20- thousand."
Police say Miss Silver Buckle was found -- thanks to a Crime Stoppers tip -- at the apartment of Alyssa Nicole Wilkinson and Kristina Woeller.
They were charged with possession of stolen merchandise
Miss Silver Buckle was created by an artist in the Leadership Wichita Falls "Mane Event" fundraiser.
The horse is now undergoing repairs.
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