{"data":{"id":"us-ar/ark.-code-ann.-14-164-810","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-164-810","heading":"Bonds - Trust indenture","body":"(a) The ordinance authorizing bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture that: (1) Defines the rights of the owners of the bonds; and (2) Provides for the appointment of a trustee for the owners of the bonds. (b) A trust indenture executed under this section may: (1) Provide for the priority between and among successive issues; and (2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable. Added by Act 2015, No. 1275,§ 1, eff. 7/22/2015.\n\n(a) The ordinance authorizing bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture that: (1) Defines the rights of the owners of the bonds; and (2) Provides for the appointment of a trustee for the owners of the bonds.\n\n(1) Defines the rights of the owners of the bonds; and\n\n(2) Provides for the appointment of a trustee for the owners of the bonds.\n\n(b) A trust indenture executed under this section may: (1) Provide for the priority between and among successive issues; and (2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.\n\n(1) Provide for the priority between and among successive issues; and\n\n(2) Contain one (1) or more of the provisions stated in § 14-164-809 and any other terms, covenants, and conditions that are deemed desirable.","path":["AR Code","Title 14","Chapter 164","Subchapter 8"],"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":"3296d2762409a43a2fb4aad906bafed9dadf74ae483b3cfbcdc3c1900faea0e6","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-164-809","next":"us-ar/ark.-code-ann.-14-164-811"},"notice":"GroundRules: Original legal text. Not legal advice."}