Arkansas § 14-117-417 Security for bonds - Levy and collection of tax

Arkansas Statutes

§ 14-117-417 — Security for bonds - Levy and collection of tax

All bonds issued under the terms of this chapter that are made payable from the proceeds of assessments shall be secured by a lien on all lands in the district unless the district shall be able to sell bonds payable out of water revenue only. The board shall see to it that a tax is levied annually and collected under the provisions of this chapter, so long as it may be necessary to pay any bond issued or obligation contracted under its authority. The making of the assessment or levy and collection may be enforced by mandamus.

Free access — add to your briefcase to read the full text and ask questions with AI

All bonds issued under the terms of this chapter that are made payable from the proceeds of assessments shall be secured by a lien on all lands in the district unless the district shall be able to sell bonds payable out of water revenue only. The board shall see to it that a tax is levied annually and collected under the provisions of this chapter, so long as it may be necessary to pay any bond issued or obligation contracted under its authority. The making of the assessment or levy and collection may be enforced by mandamus.

Arkansas § 14-117-417 (Security for bonds - Levy and collection of tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.