Arkansas Code Title 14, Subtitle 11, Chapter 186, Subchapter 3 - Municipal Port Authority Facilities

• § 14-186-301 - Legislative Intent.
  (a) This subchapter, without reference to any other statute, shall be deemed full authority for the construction, acquisition, improvement, equipment, maintenance, operation, and repair...
• § 14-186-302 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Municipality" means a city of the first class, a city of the second...
• § 14-186-303 - Powers of Municipality Generally.
  Any municipality owning a port, harbor, or related facilities is authorized and empowered to acquire, construct, equip, operate, sell, lease, contract concerning, and otherwise...
• § 14-186-304 - Power of Eminent Domain.
  To acquire property, wherever located, in furtherance of the purposes of this subchapter, any municipality shall have the power of eminent domain as is...
• § 14-186-305 - Funding of Facilities.
  (a) Municipalities are authorized to use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by this...
• § 14-186-306 - Issuance of Revenue Bonds Generally.
  (a) (1) The issuance of revenue bonds shall be by ordinance of the municipality. (2) As the ordinance authorizing their issuance may provide, the...
• § 14-186-307 - Sale and Execution of Bonds.
  (a) Revenue bonds may be sold for such price including sale at a discount and in such manner as the municipality may determine by...
• § 14-186-308 - Payment of Bonds.
  (a) (1) Revenue bonds issued under this subchapter shall not be general obligations of the municipality but shall be special obligations. In no event...
• § 14-186-309 - Refunding Bonds.
  (a) (1) Revenue bonds may be issued under this subchapter for the purpose of refunding any obligations issued under this subchapter. (2) Refunding bonds...
• § 14-186-310 - Indentures and Other Agreements.
  (a) (1) The ordinance authorizing revenue bonds may provide for the execution by the municipality of an indenture which defines the rights of the...
• § 14-186-311 - Mortgage Lien or Security Interest.
  (a) (1) (A) The ordinance or indenture securing revenue bonds may impose a foreclosable mortgage lien, security interest, or both, on the port authority...
• § 14-186-312 - Bonds -- Tax Exemption.
  (a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes.(b) This exemption includes income, estate,...

Last modified: November 15, 2016