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13-7-308. Certificates of indebtedness — Restrictions — Liability.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-7-308. Certificates of indebtedness — Restrictions — Liability.
(a)(1) The Historic Arkansas Museum Commission is authorized to issue certificates of indebtedness for the purpose of obtaining funds for construction, reconstruction, and restoration of buildings and facilities, and for making other improvements, on Block 32 of the Original City of Little Rock.
(2) The commission may pledge the income derived from real or personal property received as a gift, grant, donation, or contribution as authorized in § 13-7-307 to secure such evidences of indebtedness.
(b) Nothing in this section and §§ 13-7-306, 13-7-307, and 13-7-309 shall be construed to authorize the commission to pledge revenues derived from fees charged for admission to buildings and facilities located on Block 32 or from the sale of souvenirs therein, and these revenues shall continue to be used for the purposes provided in § 13-7-305.
(c) Certificates of indebtedness issued pursuant to the authority granted in this section and §§ 13-7-306, 13-7-307, and 13-7-309 shall be obligations of the commission and shall in no event be considered a debt for which the faith and credit of the state or any of its revenues are pledged, nor shall the certificates be considered or deemed a debt of the individual members of the commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-7-308
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.
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Stable record: arkansas_code:legal_authorities:13-7-308
Source file: gov.ar.code.title.13.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 064088448bec1eb2b63717209edb70104139310cd9c9696be813cefd528a00ca
Source location: content.xml paragraph 3414
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13-7-308. Certificates of indebtedness — Restrictions — Liability.
(a)(1) The Historic Arkansas Museum Commission is authorized to issue certificates of indebtedness for the purpose of obtaining funds for construction, reconstruction, and restoration of buildings and facilities, and for making other improvements, on Block 32 of the Original City of Little Rock.
(2) The commission may pledge the income derived from real or personal property received as a gift, grant, donation, or contribution as authorized in § 13-7-307 to secure such evidences of indebtedness.
(b) Nothing in this section and §§ 13-7-306, 13-7-307, and 13-7-309 shall be construed to authorize the commission to pledge revenues derived from fees charged for admission to buildings and facilities located on Block 32 or from the sale of souvenirs therein, and these revenues shall continue to be used for the purposes provided in § 13-7-305.
(c) Certificates of indebtedness issued pursuant to the authority granted in this section and §§ 13-7-306, 13-7-307, and 13-7-309 shall be obligations of the commission and shall in no event be considered a debt for which the faith and credit of the state or any of its revenues are pledged, nor shall the certificates be considered or deemed a debt of the individual members of the commission.
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Arkansas Code — all titles (historical 2020) · legal_authorities
13-7-305. Admission fees — Disposition of revenues.
(a) Before and after the restoration work on the Historic Arkansas Museum is completed, the Historic Arkansas Museum Commission may charge an admission fee thereto as it deems appropriate.
(b) The commission may charge a facility rental fee as it deems appropriate.
(c) The funds realized from admission fees, the sale of souvenirs, facility rental fees, and from other sources connected with the project shall be used for the maintenance of the Historic Arkansas Museum so far as necessary.
(d) Any surplus funds from these sources of income that may be in the hands of the commission at the end of each fiscal year shall be deemed cash funds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-7-305
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. The source passage cites 13-7-305. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-7-306. Acquisition of additional property — Restoration.
(a) The Historic Arkansas Museum Commission is authorized to acquire for and in the name of the State of Arkansas, by purchase, gift, donation, or otherwise, the title to the west one-half (½) of Block 32 of the Original City of Little Rock, Arkansas, which adjoins the present property owned by the State of Arkansas upon which the buildings housing the Arkansas Territorial Capitol and other historic buildings and facilities are located.
(b) The commission is authorized to acquire for and in the name of the State of Arkansas, by purchase, gift, donation, or otherwise, the title to property which is adjacent to Block 32 of the Original City of Little Rock, Arkansas.
(c) The commission may use its property and make improvements thereon as it deems to be in the furtherance of the aims and purposes of the commission as prescribed by law.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-7-306
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. The source passage cites 13-7-306. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-7-307. Acceptance of gifts.
The Historic Arkansas Museum Commission is authorized to accept and receive any and all gifts, grants, donations, and contributions of real and personal property and to manage and use the property and the income therefrom for the construction, reconstruction, restoration, and maintenance of buildings or facilities and for other improvements on the property.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-7-307
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. The source passage cites 13-7-307. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-7-309. Forms of certificates of indebtedness.
(a) Certificates of indebtedness issued pursuant to the authority granted in this subchapter shall be in such form and denomination and shall have such dates of maturity and bear such interest rate or rates as the Historic Arkansas Museum Commission shall determine.
(b) No certificates shall mature more than twenty (20) years from date of issue.
(c) The certificates shall contain provision for their redemption in advance of their maturity at the option of the commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-7-309
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. The source passage cites 13-7-309. This identifies an authority to review, not proof of applicability.