Browse Arkansas Code titles and sections
6-61-1007. Interest on bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-61-1007. Interest on bonds.
The bonds shall be registrable as to principal and interest, and the bonds may be in such form and denominations, may have such date or dates, may mature at such time or times not exceeding thirty (30) years from their date of issuance, may bear interest payable on such dates and at such rate or rates not exceeding the maximum rate allowed by law, may be payable at such place or places within or without the State of Arkansas, may be subject to such terms of redemption in advance of maturity at such prices, including such premiums, and may contain such terms and provisions, all as the board of trustees of the technical college or the community college shall specify in the authorizing resolution or in the trust indenture authorized by § 6-61-1005.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-61-1007
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:6-61-1007
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0c6de7fba94466e35c76e270fd43e8ec2882ccb1a48c853aec1d4d45fe8eee81
Source location: content.xml paragraph 36785
Stored source content
6-61-1007. Interest on bonds.
The bonds shall be registrable as to principal and interest, and the bonds may be in such form and denominations, may have such date or dates, may mature at such time or times not exceeding thirty (30) years from their date of issuance, may bear interest payable on such dates and at such rate or rates not exceeding the maximum rate allowed by law, may be payable at such place or places within or without the State of Arkansas, may be subject to such terms of redemption in advance of maturity at such prices, including such premiums, and may contain such terms and provisions, all as the board of trustees of the technical college or the community college shall specify in the authorizing resolution or in the trust indenture authorized by § 6-61-1005.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-61-1005. Additional terms of authorizing resolution.
(a) The authorizing resolution may provide for the execution by the board of trustees of the technical college or the community college with a bank or trust company within or without the State of Arkansas of a trust indenture.
(b) The trust indenture may contain terms, covenants, and conditions that are deemed desirable by the board of trustees, including, without limitation, provisions:
(1) Authorizing the issuance of bonds in series from time to time;
(2) Pertaining to the custody and application of bond proceeds;
(3) Pertaining to the maintenance of various funds and reserves;
(4) Pertaining to the collection, depositing, securing, and disbursing of tax proceeds and other revenues;
(5) Pertaining to the nature and extent of the security; and
(6) Pertaining to the rights, duties, and obligations of the local board, the trustees, and the holders and registered owners of the bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-61-1005
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. The source passage cites 6-61-1005. This identifies an authority to review, not proof of applicability.