14-120-215. Majority vote — Payment of expenses.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-120-215. Majority vote — Payment of expenses.

14-120-215. Majority vote — Payment of expenses. (a) No powers shall be exercised by the district under the provisions of this subchapter nor shall any obligations be incurred or assumed by the district under the provisions of this subchapter unless, after canvass of the results of the election, the board of directors of the district shall have found and declared in the manner provided in this subchapter that a majority of all of the landowners in the district voting at the election have voted for the approval of the plan and the exercise of the authority conferred by this subchapter. (b) However, the expenses of the election and the compensation paid as provided in this subchapter for the preparation of the estimate of cost to the district may be paid by the district out of any funds of the district which may be available for that purpose. (c) Further, any expenses incurred by the district in connection with the election and the preparation of the engineer's estimate of cost to the district as provided in this subchapter shall be refunded to the district out of the proceeds of any bonds sold by the district pursuant to the provisions of this subchapter. (d) No more than one (1) election as herein provided shall be held in any one (1) year.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-215

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.