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14-120-328. Authority to borrow money and issue bonds — Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-120-328. Authority to borrow money and issue bonds — Purpose.
For the purpose of enabling the board of directors of any levee district, drainage district, or levee and drainage district to carry out the obligations imposed upon it by the act under which it was originally created and the obligations assumed by it for flood control and drainage works under the provisions of subchapter 2 of this chapter and amendments thereto, the board of directors of the levee district, drainage district, or levee and drainage district is authorized to borrow money and to that end may issue negotiable bonds or notes of the district.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-328
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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Record provenance
Stable record: arkansas_code:legal_authorities:14-120-328
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ed7ce81cfe463469e0045e1b796f9439a5bbb879dd0e807f67af5f7d2dbb150b
Source location: content.xml paragraph 30103
Stored source content
14-120-328. Authority to borrow money and issue bonds — Purpose.
For the purpose of enabling the board of directors of any levee district, drainage district, or levee and drainage district to carry out the obligations imposed upon it by the act under which it was originally created and the obligations assumed by it for flood control and drainage works under the provisions of subchapter 2 of this chapter and amendments thereto, the board of directors of the levee district, drainage district, or levee and drainage district is authorized to borrow money and to that end may issue negotiable bonds or notes of the district.
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