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27-88-117. Bonds payable solely from bridge or ferry revenues.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-88-117. Bonds payable solely from bridge or ferry revenues.
(a) Bonds issued under the provisions of this chapter shall be payable solely from the revenues derived from the bridge or ferry. These bonds shall not in any event constitute an indebtedness of the State of Arkansas within the meaning of the constitutional provisions or limitations.
(b) It shall be plainly stated on the face of each bond that the bond has been issued under the provisions of this chapter and that it does not constitute an indebtedness of the State of Arkansas within any constitutional or statutory limitation.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-88-117
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:27-88-117
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bea872d432a62223691dabc5a4e20211db089bf95b63eed1d7bbef94904201fd
Source location: content.xml paragraph 27338
Stored source content
27-88-117. Bonds payable solely from bridge or ferry revenues.
(a) Bonds issued under the provisions of this chapter shall be payable solely from the revenues derived from the bridge or ferry. These bonds shall not in any event constitute an indebtedness of the State of Arkansas within the meaning of the constitutional provisions or limitations.
(b) It shall be plainly stated on the face of each bond that the bond has been issued under the provisions of this chapter and that it does not constitute an indebtedness of the State of Arkansas within any constitutional or statutory limitation.
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