Arkansas Code Title 14, Subtitle 11, Chapter 186, Subchapter 4 - Joint Operation of Ports by Municipalities and Counties

• § 14-186-401 - Legislative Intent.
  (a) Without reference to any other statute, this subchapter shall be deemed full authority for the construction, acquisition, improvement, equipment, maintenance, operation, and repair...
• § 14-186-402 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Municipality" means any city of the first or second class, or any incorporated...
• § 14-186-403 - Construction.
  This subchapter, being necessary for the public health, safety, and welfare, shall be liberally construed to effectuate the purposes of it.
• § 14-186-404 - Powers Generally.
  Any two (2) or more municipalities, any two (2) or more counties, or any one (1) municipality or more together with any one (1)...
• § 14-186-405 - Provisions in Authorizing Ordinance or Order.
  (a) The ordinances or orders authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of the unmatured...
• § 14-186-406 - Lease of Port.
  The municipalities or counties desiring to avail themselves of the benefit of this subchapter and to join in the issuance of bonds as provided...
• § 14-186-407 - Right of Eminent Domain.
  For the purpose of acquiring a new port under the provisions of this subchapter or for the purpose of acquiring any property necessary for...
• § 14-186-408 - Obligations Incurred by Municipalities or Counties.
  (a) No obligation shall, nor may, be incurred by municipalities or counties in the construction or acquisition of any port contemplated in this subchapter,...
• § 14-186-409 - Issuance of Revenue Bonds Generally.
  (a) (1) Whenever it shall be determined by the legislative body of any municipality or by the county court of any county to join...
• § 14-186-410 - Notice and Hearing on Issuance.
  (a) After the passage of any ordinance pursuant to § 14-186-409, it shall be published one (1) time in a newspaper published in the...
• § 14-186-411 - Execution and Sale of Bonds.
  (a) Bonds provided for in this subchapter shall be issued in such amounts as may be necessary to provide sufficient funds to pay all...
• § 14-186-412 - Payment of Bonds.
  (a) Bonds issued under the provisions of this subchapter shall be payable solely from the revenues derived from the port for the construction or...
• § 14-186-413 - Statutory Mortgage Lien.
  (a) (1) There shall be a statutory mortgage lien upon the port constructed or acquired from the proceeds of bonds authorized to be issued...
• § 14-186-414 - Service Rates and Surplus.
  (a) Rates fixed precedent to the issuance of bonds shall not be reduced until all of the bonds shall have been fully paid and,...
• § 14-186-415 - Depository for Funds.
  (a) (1) The municipalities or counties joined together to issue revenue bonds under the provisions of this subchapter shall designate a bank, which shall...
• § 14-186-416 - Allocation of Bond Proceeds.
  (a) (1) Any specified portion of the proceeds of an issue of bonds authorized under the provisions of this subchapter may be allocated to...
• § 14-186-417 - Bonds -- Tax Exemption.
  Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes, including income and inheritance taxes.

Last modified: November 15, 2016