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Ark. Code Ann. § 12-41-608

Bonds — Contract between parties — Enforcement

Acts 1981, No. 879, § 9; A.S.A. 1947, § 46-437.

(1) Each authorizing resolution or trust indenture, together with this subchapter and the ordinance of the quorum court acting pursuant to this subchapter, shall constitute a contract by and between the county jail board and the holders and registered holders of the bonds issued pursuant to this subchapter.

(2) The contract and all covenants, agreements, and obligations therein shall be properly performed in strict accordance with the terms and provisions thereof.

(3) The covenants, agreements, and obligations of the board may be enforced by mandamus or other appropriate proceedings at law or in equity.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.