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14-199-305. Use of down payment.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-199-305. Use of down payment.
The proceeds of any initial cash payment from the sale of any system of waterworks or gas or electric plants of any town or city shall be applied first to the payment of all unsecured debts owing by the town or city on account of the plant or system. Any remainder shall be turned over to the treasurer of the town or city.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-199-305
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. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-199-305
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: aabeebf07952e685cb01bc3a06e9a8f5893b4f6834c614a1bf5156e64582aed9
Source location: content.xml paragraph 44595
Stored source content
14-199-305. Use of down payment.
The proceeds of any initial cash payment from the sale of any system of waterworks or gas or electric plants of any town or city shall be applied first to the payment of all unsecured debts owing by the town or city on account of the plant or system. Any remainder shall be turned over to the treasurer of the town or city.
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