Ark. Code Ann. § 15-5-419: Sale of bonds - Statement on face of bond

(a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created.

(b) The bonds may be sold at such price as the authority may accept, including sale at a discount.

(c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter.