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Arkansas Statutes

§ 14-205-108 — Sale of bonds - Use of proceeds

Arkansas·Title 14
The bonds shall be sold at not less than ninety cents (90¢) on the dollar. The proceeds derived therefrom shall be used exclusively for the purposes for which the bonds are issued. They may be sold at one (1) time or in parcels as funds are needed.

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Legislative History

Acts 1949, No. 71, § 8; A.S.A. 1947, § 19-4808.

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