23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security.

23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security. In addition to the rights and powers conferred on railroad corporations by their charters and the laws of this state, the directors are authorized and empowered, by and with the consent or approval of a majority of the stockholders, to cause to be issued and executed, bonds or other evidences of indebtedness whenever deemed expedient and to secure the payment of the indebtedness by a mortgage or deed of trust or other encumbrance of all or any part of their charters, franchises, income, rights-of-way, materials, roadbeds, rails, railroads built and to be built, rolling stock, lands, and other corporate properties owned or afterward acquired.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-11-216

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.