Arkansas § 14-57-610 Acceleration of maturities - Priorities

Arkansas Statutes

§ 14-57-610 — Acceleration of maturities - Priorities

Arkansas § 14-57-610

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This text of Arkansas § 14-57-610 (Acceleration of maturities - Priorities) 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. § 14-57-610 (2026).

Text

(a)The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding.

(b)The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.

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(a) The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding. (b) The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.