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14-201-117. Bonds or notes — Nature of indebtedness.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-201-117. Bonds or notes — Nature of indebtedness.
(a) The bonds and notes shall not be general obligations of the city, but shall be special obligations payable from and secured by a pledge of revenues derived from the city's waterworks or electric system and otherwise secured as provided in this subchapter.
(b) In no event shall the bonds and notes constitute an indebtedness of the city within the meaning of any constitutional or statutory limitation.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-201-117
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:14-201-117
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 47d1ec3a977819454ac868f04d830c9f1a9796edc30834da72184e5dfe6eb191
Source location: content.xml paragraph 45173
Stored source content
14-201-117. Bonds or notes — Nature of indebtedness.
(a) The bonds and notes shall not be general obligations of the city, but shall be special obligations payable from and secured by a pledge of revenues derived from the city's waterworks or electric system and otherwise secured as provided in this subchapter.
(b) In no event shall the bonds and notes constitute an indebtedness of the city within the meaning of any constitutional or statutory limitation.
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