Arkansas Code Title 14, Subtitle 8, Chapter 139 - Municipal Exhibition Grounds and Buildings

• § 14-139-101 - Definitions.
  As used in this chapter, unless the context otherwise requires: (1) "Exhibition grounds and buildings" means the exhibition grounds and buildings, in its entirety...
• § 14-139-102 - Construction.
  (a) This chapter shall be construed as cumulative authority for the acquisition, purchase, and construction of the grounds and buildings and betterments and improvements...
• § 14-139-103 - Authority Generally.
  (a) Any city or incorporated town in the State of Arkansas may acquire, purchase, or construct exhibition grounds and buildings for the purpose of...
• § 14-139-104 - Right of Eminent Domain.
  For the purpose of acquiring any exhibition grounds and buildings to be used in connection with the exhibition of livestock under the provisions of...
• § 14-139-105 - Issuance of Revenue Bonds.
  (a) Whenever the legislative body of any municipality shall determine to acquire, purchase, and construct exhibition grounds and buildings under the provisions of this...
• § 14-139-106 - Notice and Hearing.
  (a) After the ordinance shall have been adopted, it shall be published one (1) time in a newspaper published in the municipality; or if...
• § 14-139-107 - Terms of Authorizing Ordinance.
  (a) The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in...
• § 14-139-108 - Sale of Bonds.
  (a) Bonds provided for in this chapter shall be issued in such amounts as may be necessary to provide sufficient funds to pay all...
• § 14-139-109 - Bonds to Be Secured.
  All bonds of the entire issue, issued under the provisions of this chapter, shall be secured ratably and equally by the revenues of the...
• § 14-139-110 - Statutory Mortgage Lien.
  (a) (1) There shall be a statutory mortgage lien upon the exhibition grounds and buildings acquired or constructed from the proceeds of bonds authorized...
• § 14-139-111 - Rents or Charges -- Surplus.
  (a) Rents or charges for the use of the exhibition grounds and buildings precedent to the issuance of bonds shall not be reduced until...
• § 14-139-112 - Funds Custodian and Accounts.
  (a) (1) Any municipality issuing revenue bonds under the provisions of this chapter shall install and maintain a proper system of accounts, showing the...
• § 14-139-113 - Payment of Bonds.
  Bonds issued under the provisions of this chapter shall be payable solely from the revenues derived from the exhibition grounds and buildings. The bonds...
• § 14-139-114 - Obligations Payable Solely From Bond Fund.
  (a) No obligation shall, or may, be incurred by the municipality in the construction or acquisition of the works contemplated by this chapter, or...
• § 14-139-115 - Bonds -- Tax Exemption.
  Revenue bonds issued under this chapter shall be exempt from all state, county, and municipal taxation. This exemption shall include income taxation, inheritance taxation,...

Last modified: November 15, 2016