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27-76-610. Interim bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-76-610. Interim bonds.
(a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.
(b) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.
(c)(1) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.
(2) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-76-610
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:27-76-610
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 326c008360b751672f524be7b241f75ce7fd2771e675194f81deaff8699460ab
Source location: content.xml paragraph 26334
Stored source content
27-76-610. Interim bonds.
(a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.
(b) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.
(c)(1) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.
(2) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.
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