Arkansas Code Title 14, Subtitle 12, Chapter 205 - Natural Gas Distribution Systems

• § 14-205-101 - Construction.
  Nothing in this chapter shall be construed as applying to municipalities now served by any existing gas transmission line or for any distribution system...
• § 14-205-102 - Election on Bond Issue.
  (a) Any municipality, by and with the consent of a majority of the qualified electors of the municipality voting on the question at an...
• § 14-205-103 - Provisions of Ordinance.
  (a) The ordinance providing for the issuance of the revenue bonds shall set forth a brief description of the contemplated undertaking and must include:...
• § 14-205-104 - Publication of Ordinance and Notice.
  When the ordinance is adopted by the municipality's legislative body, it shall be published one (1) time in a newspaper published in the municipality,...
• § 14-205-105 - Hearing.
  At the hearing all objections and suggestions shall be heard and the governing body of the municipality may take such action as it deems
• § 14-205-106 - Bonds As Negotiable Instruments -- Execution.
  (a) Bonds issued under the provisions of this chapter shall be negotiable instruments.(b) (1) The bonds shall be executed by the presiding officer and...
• § 14-205-107 - Amounts of Bonds.
  The bonds shall be issued in whatever amounts may be necessary to provide sufficient funds to pay all costs of construction, including engineering, legal,...
• § 14-205-108 - Sale of Bonds -- Use of Proceeds.
  The bonds shall be sold at not less than ninety cents (90cent(s)) on the dollar. The proceeds derived therefrom shall be used exclusively for...
• § 14-205-109 - Interest on Bonds.
  The bonds shall bear interest at such rate or rates payable semiannually and shall be payable at such times and places not exceeding thirty-five...
• § 14-205-110 - Bonds -- Nature of Indebtedness.
  (a) Bonds issued under this chapter shall be payable solely from revenues derived from the gas system.(b) The bonds shall not, in any event,...
• § 14-205-111 - Statutory Lien Upon System.
  (a) A statutory mortgage lien shall be imposed upon the gas system constructed from the proceeds of bonds authorized by this chapter. The lien...
• § 14-205-112 - Eminent Domain.
  (a) The right and power of eminent domain is conferred upon municipal corporations to enter upon, take, and condemn private property, either within or...

Last modified: November 15, 2016