Browse Arkansas Code titles and sections
12-41-706. Bonds — Authorizing resolution.
Arkansas Code — all titles (historical 2020) · legal_authorities
12-41-706. Bonds — Authorizing resolution.
(a) The bonds shall be authorized by resolution of the county jail board, municipal jail board, or public instrumentality jail board.
(b) The authorizing resolution, as the board shall determine, may contain any terms, covenants, and conditions that are deemed necessary or desirable by the board including, without limitation, those pertaining to the:
(1) Creation and maintenance of various funds and reserves;
(2) Nature and extent of the security;
(3) Issuance of additional series of bonds and the priority of lien and pledge in that event; and
(4) Rights, duties, and obligations of the board and of the holders and registered owners of the bonds.
(c) The authorizing resolution may provide for the execution of a trust indenture with a bank or trust company located within or outside the State of Arkansas containing appropriate terms, covenants, and conditions.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-41-706
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:12-41-706
Source file: gov.ar.code.title.12.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c8c2727d2b10ce9c28c470f5117b1264d869310cc88cc411d6d31a7fd56859c6
Source location: content.xml paragraph 15405
Stored source content
12-41-706. Bonds — Authorizing resolution.
(a) The bonds shall be authorized by resolution of the county jail board, municipal jail board, or public instrumentality jail board.
(b) The authorizing resolution, as the board shall determine, may contain any terms, covenants, and conditions that are deemed necessary or desirable by the board including, without limitation, those pertaining to the:
(1) Creation and maintenance of various funds and reserves;
(2) Nature and extent of the security;
(3) Issuance of additional series of bonds and the priority of lien and pledge in that event; and
(4) Rights, duties, and obligations of the board and of the holders and registered owners of the bonds.
(c) The authorizing resolution may provide for the execution of a trust indenture with a bank or trust company located within or outside the State of Arkansas containing appropriate terms, covenants, and conditions.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.