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6-61-1013. Authority of board of trustees — Refunding bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-61-1013. Authority of board of trustees — Refunding bonds.
(a) The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its valid outstanding obligations issued under this subchapter and any amendments hereto.
(b)(1) To that end, the board of trustees may issue refunding bonds.
(2) This power may be exercised successively, and any obligations which have once been refunded may thereafter from time to time be refunded.
(3) Refunding bonds shall be issued in the same manner as provided in this subchapter for original obligations.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-61-1013
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:6-61-1013
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9e32be38cd773007f261e6a0f31151c7d8ce5e506f55dd6bc487f9f74a0eaf39
Source location: content.xml paragraph 36824
Stored source content
6-61-1013. Authority of board of trustees — Refunding bonds.
(a) The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its valid outstanding obligations issued under this subchapter and any amendments hereto.
(b)(1) To that end, the board of trustees may issue refunding bonds.
(2) This power may be exercised successively, and any obligations which have once been refunded may thereafter from time to time be refunded.
(3) Refunding bonds shall be issued in the same manner as provided in this subchapter for original obligations.
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