{"data":{"id":"us-ar/ark.-code-ann.-14-164-407","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-164-407","heading":"Bonds - Trust indenture","body":"(a) The ordinance authorizing the bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture which defines the rights of the owners of the bonds and provides for the appointment of a trustee for the owners of the bonds.\n\n(b) The trust indenture may provide for the priority between and among successive issues and may contain any of the provisions set forth in § 14-164-406 and any other terms, covenants, and conditions that are deemed desirable.","path":["AR Code","Title 14","Chapter 164","Subchapter 4"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"9d4d16e7e4975de626e845e81522de5f67caf53a1a3e9f74b23e1a1cf96fa283","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-164-406","next":"us-ar/ark.-code-ann.-14-164-408"},"notice":"GroundRules: Original legal text. Not legal advice."}