Arkansas § 14-205-106 Bonds as negotiable instruments - Execution

Arkansas Statutes

§ 14-205-106 — Bonds as negotiable instruments - Execution

(a)Bonds issued under the provisions of this chapter shall be negotiable instruments.

(b)(1) The bonds shall be executed by the presiding officer and clerk or recorder of the municipality and sealed with the corporate seal of the municipality.

(2)When an officer whose signature appears on the bonds or coupons ceases to be an officer before delivery of the bonds, his signature shall nevertheless be valid.

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(a) Bonds issued under the provisions of this chapter shall be negotiable instruments. (b) (1) The bonds shall be executed by the presiding officer and clerk or recorder of the municipality and sealed with the corporate seal of the municipality. (2) When an officer whose signature appears on the bonds or coupons ceases to be an officer before delivery of the bonds, his signature shall nevertheless be valid.

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