{"data":{"id":"us-ar/ark.-code-ann.-14-184-210","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-184-210","heading":"Bonds - Trust indenture","body":"(a) The authorizing resolution may provide for the execution by the district with a bank or trust company, within or without the State of Arkansas, of a trust indenture. (b) The trust indenture may contain any terms, covenants, and conditions that are deemed desirable by the board including, without limitation, those pertaining to: (1) The maintenance of various funds and reserves; (2) The nature and extent of the security; (3) The issuance of additional bonds and the nature of the lien and pledge, parity or priority, in that event; (4) The custody and application of the proceeds of the bonds; (5) The collection and disposition of assessments and revenues; (6) The investing and reinvesting, in securities specified by the board, of any moneys during periods not needed for authorized purposes; and (7) The rights, duties, and obligations of the board and the holders and registered owners of the bonds. Acts 1975, No. 403, § 5; 1981, No. 474, § 5; A.S.A. 1947, § 20-1629.\n\n(a) The authorizing resolution may provide for the execution by the district with a bank or trust company, within or without the State of Arkansas, of a trust indenture.\n\n(b) The trust indenture may contain any terms, covenants, and conditions that are deemed desirable by the board including, without limitation, those pertaining to: (1) The maintenance of various funds and reserves; (2) The nature and extent of the security; (3) The issuance of additional bonds and the nature of the lien and pledge, parity or priority, in that event; (4) The custody and application of the proceeds of the bonds; (5) The collection and disposition of assessments and revenues; (6) The investing and reinvesting, in securities specified by the board, of any moneys during periods not needed for authorized purposes; and (7) The rights, duties, and obligations of the board and the holders and registered owners of the bonds.\n\n(1) The maintenance of various funds and reserves;\n\n(2) The nature and extent of the security;\n\n(3) The issuance of additional bonds and the nature of the lien and pledge, parity or priority, in that event;\n\n(4) The custody and application of the proceeds of the bonds;\n\n(5) The collection and disposition of assessments and revenues;\n\n(6) The investing and reinvesting, in securities specified by the board, of any moneys during periods not needed for authorized purposes; and\n\n(7) The rights, duties, and obligations of the board and the holders and registered owners of the bonds.","path":["AR Code","Title 14","Chapter 184","Subchapter 2"],"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":"84b68eefa95dcf2b92980221f3c20ab52686fdd0dda28ffff7535cfe17f77521","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-184-209","next":"us-ar/ark.-code-ann.-14-184-211"},"notice":"GroundRules: Original legal text. Not legal advice."}