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14-321-104. Bonds sold for less than par when carrying lower interest rate.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-321-104. Bonds sold for less than par when carrying lower interest rate.
If any viaduct improvement district described in § 14-321-101, where it is or may be provided by law that the interest on bonds issued by the district shall not exceed six percent (6%) per annum, nor the bonds be sold for less than par, bonds bearing a lower rate of interest may be issued by the district and sold at less than par, provided that the proceeds of the sale of the bonds issued by the district shall not be less than the proceeds of the sale of six percent (6%) bonds at par.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-321-104
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:14-321-104
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e3636b8bcf859ba9eecdade9056d5b22e27a2e8e88835d68bfde1005248af3da
Source location: content.xml paragraph 57381
Stored source content
14-321-104. Bonds sold for less than par when carrying lower interest rate.
If any viaduct improvement district described in § 14-321-101, where it is or may be provided by law that the interest on bonds issued by the district shall not exceed six percent (6%) per annum, nor the bonds be sold for less than par, bonds bearing a lower rate of interest may be issued by the district and sold at less than par, provided that the proceeds of the sale of the bonds issued by the district shall not be less than the proceeds of the sale of six percent (6%) bonds at par.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-321-101. Scope.
This chapter shall apply to all improvement districts created for the construction of a free viaduct connecting with a bridge over a navigable river.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-321-101
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. The source passage cites 14-321-101. This identifies an authority to review, not proof of applicability.