Arkansas Code Title 14, Subtitle 22, Chapter 360, Subchapter 3 - Improvements

• § 14-360-301 - Authority Granted Cumulative.
  The authority granted by this subchapter shall be cumulative and granted in addition to any authority previously granted by other acts, specifically including but...
• § 14-360-302 - Authority to Erect.
  Any city owning a municipal airport is authorized and empowered to erect and construct buildings, structures, and other improvements, whether or not they are...
• § 14-360-303 - Recommendation by Commission.
  The authority granted by this subchapter to a city may be exercised by the governing body of the city, in its discretion, only after...
• § 14-360-304 - Operation After Completion.
  The airport commission is authorized and empowered to operate the buildings, structures, or other improvements, after the completion thereof, including, without limiting the generality...
• § 14-360-305 - Borrowing of Funds and Revenue Bonds -- Authorization to Contract.
  A city is authorized and empowered to enter into the necessary contracts for the borrowing of all funds that it may determine will be...
• § 14-360-306 - Borrowing of Funds and Revenue Bonds -- Issuance.
  (a) In evidence of any loan of funds, the city is authorized and empowered to issue its negotiable coupon revenue bonds.(b) (1) The bonds...
• § 14-360-307 - Borrowing of Funds and Revenue Bonds -- Payment and Indebtedness.
  (a) The bonds and interest thereon shall be payable solely from and secured by a pledge of the gross revenues derived from the operation...
• § 14-360-308 - Borrowing of Funds and Revenue Bonds -- Statements on Bonds.
  It shall be plainly stated upon the face of each bond that it has been issued under the provisions of this subchapter and that...
• § 14-360-309 - Borrowing of Funds and Revenue Bonds -- Performance Required.
  (a) Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other...
• § 14-360-310 - Borrowing of Funds and Revenue Bonds -- Mortgage Lien.
  (a) Anything herein to the contrary notwithstanding, the ordinance authorizing issuance of the bonds may impose a foreclosable mortgage lien upon the buildings, structures,...
• § 14-360-311 - Borrowing of Funds and Revenue Bonds -- Refunding Bonds.
  (a) The city may issue bonds under this subchapter for the purpose of refunding, at a rate or rates of interest not exceeding the...
• § 14-360-312 - Borrowing of Funds and Revenue Bonds -- Exemption From Certain Taxes.
  (a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes.(b) This exemption shall include income...
• § 14-360-313 - Use of Operational Revenue.
  Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other contract...

Last modified: November 15, 2016