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14-125-803. Terms and form of bonds, etc.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-125-803. Terms and form of bonds, etc.
(a) Bonds or other evidences of indebtedness issued under the terms of this chapter shall bear such date or dates, mature at such time or times not in excess of fifty (50) years, and be in such form and denomination as the board may determine.
(b) The board may sell, exchange, or hypothecate these obligations from time to time at such prices as shall best serve the interests of the owners of land within the project area, provided that any sale or exchange of the obligations at less than par value shall first have the approval of the chancery court.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-125-803
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:14-125-803
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3d663b1912fc50b47f2dcf283ac399da1b92da0e76764f277a1af8ddbedb61a8
Source location: content.xml paragraph 33968
Stored source content
14-125-803. Terms and form of bonds, etc.
(a) Bonds or other evidences of indebtedness issued under the terms of this chapter shall bear such date or dates, mature at such time or times not in excess of fifty (50) years, and be in such form and denomination as the board may determine.
(b) The board may sell, exchange, or hypothecate these obligations from time to time at such prices as shall best serve the interests of the owners of land within the project area, provided that any sale or exchange of the obligations at less than par value shall first have the approval of the chancery court.
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