Arkansas § 14-201-117 Bonds or notes - Nature of indebtedness

Arkansas Statutes

§ 14-201-117 — Bonds or notes - Nature of indebtedness

Arkansas § 14-201-117

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This text of Arkansas § 14-201-117 (Bonds or notes - Nature of indebtedness) 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. § 14-201-117 (2026).

Text

(a)The bonds and notes shall not be general obligations of the city, but shall be special obligations payable from and secured by a pledge of revenues derived from the city's waterworks or electric system and otherwise secured as provided in this subchapter.

(b)In no event shall the bonds and notes constitute an indebtedness of the city within the meaning of any constitutional or statutory limitation.

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(a) The bonds and notes shall not be general obligations of the city, but shall be special obligations payable from and secured by a pledge of revenues derived from the city's waterworks or electric system and otherwise secured as provided in this subchapter. (b) In no event shall the bonds and notes constitute an indebtedness of the city within the meaning of any constitutional or statutory limitation.