Arkansas Code Title 14, Subtitle 13, Chapter 219 - Lease or Sale of Utility Plants

• § 14-219-101 - Lease.
  (a) The board of commissioners of any improvement district, operating a system of waterworks, gas plants, or electric plants belonging to and owned by...
• § 14-219-102 - Sale.
  (a) The board of commissioners of any improvement district owning a system of waterworks, gas plants, or electric plants may sell the system or...
• § 14-219-103 - Payment -- Bond.
  (a) Where the sale price is an amount greater than the outstanding secured indebtedness of the district, at least the excess over the amount...
• § 14-219-104 - Deed of Conveyance -- Sale of All Property -- Satisfaction of Lien.
  (a) The transfer of property under this chapter shall be evidenced by a deed of conveyance in the usual form and with the usual...
• § 14-219-105 - Use of Initial Payment.
  The proceeds of any initial cash payment from the sale of any plant or system of any improvement district shall be applied first to...

Last modified: November 15, 2016