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14-205-111. Statutory lien upon system.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-205-111. Statutory lien upon system.
(a) A statutory mortgage lien shall be imposed upon the gas system constructed from the proceeds of bonds authorized by this chapter. The lien shall exist in favor of the holders of the bonds and the holders of coupons attached to the bonds.
(b) The gas system shall remain subject to the statutory mortgage lien until payment in full of the principal and interest of the bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-205-111
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:14-205-111
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f8ce6f58a5a87689ec92d1af69aa239273372f11a29b60aa08d71a4c6f24a921
Source location: content.xml paragraph 46242
Stored source content
14-205-111. Statutory lien upon system.
(a) A statutory mortgage lien shall be imposed upon the gas system constructed from the proceeds of bonds authorized by this chapter. The lien shall exist in favor of the holders of the bonds and the holders of coupons attached to the bonds.
(b) The gas system shall remain subject to the statutory mortgage lien until payment in full of the principal and interest of the bonds.
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