No compensation shall be allowed the treasurer of the district, or any other officer or member of the board of directors, either directly or indirectly, for negotiating the sale of the bonds or paying out the proceeds arising from their sale.
Ark. Code Ann. § 14-120-332
No compensation for negotiating sale of bonds
Acts 1961, No. 20, § 14; A.S.A. 1947, § 21-852.
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.