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14-122-203. Authorizing resolution.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-122-203. Authorizing resolution.
The authorizing resolution may contain any of the terms, covenants, and conditions that are deemed desirable by the board including, without limitation, those pertaining to:
(1) The maintenance of various funds and reserves;
(2) The nature and extent of the security;
(3) The issuance of additional bonds and the nature of the lien and pledge, parity or priority, in that event;
(4) The custody and application of the proceeds of the bonds;
(5) The collection and disposition of revenues;
(6) The investing and reinvesting in securities specified by the board of any moneys during the periods not needed for authorized purposes; and
(7) The rights, duties, and obligations of the district, the board, and of the holders and of the registered owners of the bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-122-203
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:14-122-203
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c5efda08014fe19973b7aff5d5551e410de803d044bd38b4bf71adf29062e32c
Source location: content.xml paragraph 32312
Stored source content
14-122-203. Authorizing resolution.
The authorizing resolution may contain any of the terms, covenants, and conditions that are deemed desirable by the board including, without limitation, those pertaining to:
(1) The maintenance of various funds and reserves;
(2) The nature and extent of the security;
(3) The issuance of additional bonds and the nature of the lien and pledge, parity or priority, in that event;
(4) The custody and application of the proceeds of the bonds;
(5) The collection and disposition of revenues;
(6) The investing and reinvesting in securities specified by the board of any moneys during the periods not needed for authorized purposes; and
(7) The rights, duties, and obligations of the district, the board, and of the holders and of the registered owners of the bonds.
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