Ark. Code Ann. § 14-234-301: Construction and applicability

(a) Nothing in this subchapter shall be construed as repealing any special act providing for a board of commissioners to administer and operate municipal waterworks, nor shall this subchapter apply to cities which have a commission form of government.

(b) This subchapter shall not alter, amend, or affect any indenture or obligation issued by any city prior to the passage of this subchapter.