Ark. Code Ann. § 14-202-112

Bonds, coupons — Execution and seal

Known as the Joint Municipal Electric Power Generation Act

The act spans §§ 14–14 (23 sections).

Acts 1979, No. 5, § 8; 1981, No. 425, § 45; A.S.A. 1947, § 19-5608; Acts 1993, No. 543, § 1; 1993, No. 611, § 1; 2007, No. 236, § 4.

(1) Bonds issued hereunder shall be executed by the manual or facsimile signatures of the mayor and clerk of the municipality.

(2) Any coupons attached to the bonds may be executed by the facsimile signature of the mayor of the municipality.

(3) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be officers before the delivery of the bonds or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.

(4) The seal of the municipality shall be placed or printed on each bond in such manner as the governing body of the municipality shall determine.

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.