(a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created. (b) The bonds may be sold at such price as the authority may accept, including sale at a discount. (c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter. Acts 1985, No. 340, § 11; 1985, No. 505, § 11; A.S.A. 1947, § 13-2934. (a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created. (b) The bonds may be sold at such price as the authority may accept, including sale at a discount. (c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter. Acts 1985, No. 340, § 11; 1985, No. 505, § 11; A.S.A. 1947, § 13-2934. (a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created. (b) The bonds may be sold at such price as the authority may accept, including sale at a discount. (c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter. Acts 1985, No. 340, § 11; 1985, No. 505, § 11; A.S.A. 1947, § 13-2934. (a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created. (b) The bonds may be sold at such price as the authority may accept, including sale at a discount. (c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter. Acts 1985, No. 340, § 11; 1985, No. 505, § 11; A.S.A. 1947, § 13-2934.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.