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14-205-110. Bonds — Nature of indebtedness.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-205-110. Bonds — Nature of indebtedness.
(a) Bonds issued under this chapter shall be payable solely from revenues derived from the gas system.
(b) The bonds shall not, in any event, constitute an indebtedness of the municipality within the meaning of the constitutional provisions.
(c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-205-110
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:14-205-110
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a95fbbb93cf230c0485ee6a606dc995eca767fa6222e6e7ffb9c59c31c38a652
Source location: content.xml paragraph 46235
Stored source content
14-205-110. Bonds — Nature of indebtedness.
(a) Bonds issued under this chapter shall be payable solely from revenues derived from the gas system.
(b) The bonds shall not, in any event, constitute an indebtedness of the municipality within the meaning of the constitutional provisions.
(c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter.
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