Arkansas § 14-164-810 Bonds - Trust indenture

Arkansas Statutes

§ 14-164-810 — Bonds - Trust indenture

Arkansas § 14-164-810

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This text of Arkansas § 14-164-810 (Bonds - Trust indenture) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 14-164-810 (2026).

Text

(a)The ordinance authorizing bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture that:

(1)Defines the rights of the owners of the bonds; and (2) Provides for the appointment of a trustee for the owners of the bonds.

(b)A trust indenture executed under this section may:

(1)Provide for the priority between and among successive issues; and (2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.

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(a) The ordinance authorizing bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture that: (1) Defines the rights of the owners of the bonds; and (2) Provides for the appointment of a trustee for the owners of the bonds. (b) A trust indenture executed under this section may: (1) Provide for the priority between and among successive issues; and (2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.