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15-5-418. Execution of bonds and coupons — Temporary notes or bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-418. Execution of bonds and coupons — Temporary notes or bonds.
(a) The bonds shall be executed by the facsimile or manual signature of the Chair of the Board of Directors of the Arkansas Development Finance Authority and by the facsimile or manual signature of the Secretary of the Board of Directors of the Arkansas Development Finance Authority.
(b) Interest coupons attached to the bonds shall be executed with the facsimile signature of the chair.
(c) Delivery of the bonds and coupons so executed shall be valid, notwithstanding any change in persons holding such offices occurring after the bonds have been executed.
(d) Temporary notes or bonds conforming generally to the provisions of this subchapter, exchangeable for definitive bonds, may be issued in the discretion of the Arkansas Development Finance Authority.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-418
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:15-5-418
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7c9446547f2a0048d0aa63a3c0a1c91a66ed3dff5cf7206dd31fabac7b155eb1
Source location: content.xml paragraph 8165
Stored source content
15-5-418. Execution of bonds and coupons — Temporary notes or bonds.
(a) The bonds shall be executed by the facsimile or manual signature of the Chair of the Board of Directors of the Arkansas Development Finance Authority and by the facsimile or manual signature of the Secretary of the Board of Directors of the Arkansas Development Finance Authority.
(b) Interest coupons attached to the bonds shall be executed with the facsimile signature of the chair.
(c) Delivery of the bonds and coupons so executed shall be valid, notwithstanding any change in persons holding such offices occurring after the bonds have been executed.
(d) Temporary notes or bonds conforming generally to the provisions of this subchapter, exchangeable for definitive bonds, may be issued in the discretion of the Arkansas Development Finance Authority.
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