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14-57-610. Acceleration of maturities — Priorities.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-57-610. Acceleration of maturities — Priorities.
(a) The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding.
(b) The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-57-610
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:14-57-610
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 24768a17decc4972ae3371ada07886d016953a4827f6e060bbbf6584c5e7dd92
Source location: content.xml paragraph 18229
Stored source content
14-57-610. Acceleration of maturities — Priorities.
(a) The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding.
(b) The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.
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