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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Ark. Code Ann. § 14-92-304: Resolution for financial matters

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Where this section sits in the code
  1. AR Code
  2. Title 14
  3. Chapter 92
  4. Subchapter 3

(a) After the execution of the contract for consolidation, the commissioners provided for in § 14-92-302 shall adopt a resolution setting forth their estimate of the cost of retiring outstanding bond issues, together with the cost of the contemplated improvements and betterments, and a brief description thereof, and provide for the issuance of revenue bonds including the amount, rate of interest, time and place of payment, and other details connected with them. (b) The resolution shall also: (1) Declare that a statutory mortgage lien shall exist upon the property of the consolidated system; (2) Fix the minimum rates to be collected prior to the payment of the bonds; and (3) Pledge the revenues derived from its services for the purpose of paying the bonds and interest. Acts 1959, No. 262, § 2; A.S.A. 1947, § 20-733.

(a) After the execution of the contract for consolidation, the commissioners provided for in § 14-92-302 shall adopt a resolution setting forth their estimate of the cost of retiring outstanding bond issues, together with the cost of the contemplated improvements and betterments, and a brief description thereof, and provide for the issuance of revenue bonds including the amount, rate of interest, time and place of payment, and other details connected with them.

(b) The resolution shall also: (1) Declare that a statutory mortgage lien shall exist upon the property of the consolidated system; (2) Fix the minimum rates to be collected prior to the payment of the bonds; and (3) Pledge the revenues derived from its services for the purpose of paying the bonds and interest.

(1) Declare that a statutory mortgage lien shall exist upon the property of the consolidated system;

(2) Fix the minimum rates to be collected prior to the payment of the bonds; and

(3) Pledge the revenues derived from its services for the purpose of paying the bonds and interest.

Collected 2026-09-17T21:35:43Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source

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