Any municipality or any county is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, or contract concerning, or otherwise deal in or dispose of, any land, buildings, or facilities of any and every nature whatever that can be used in securing or developing industry within or near the municipality or county.
Ark. Code Ann. § 14-164-205
Authority to develop industry
Applied in 2 court decisions — leading case Pulaski County v. Jacuzzi Bros. Division (1998)
Most recently applied in Arkansas Oklahoma Gas Corp. v. MacSteel Division (September 2007)
Acts 1960 (Ex
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.