Every franchise holder to which a license may be granted under this chapter at its own cost and expense shall, before the license is delivered, give a bond, in the penal sum of ten thousand dollars ($10,000) payable to the Arkansas Racing Commission with a surety to be approved by the commission, conditioned to faithfully make the payments to the commission provided for in this chapter, and keep its books and records and make reports provided in this chapter and to conduct its race meeting in conformity with the provisions of this chapter.
Ark. Code Ann. § 23-111-514
Franchise holder required to give bond
Known as the Arkansas Greyhound Racing Law
The act spans §§ 23-111-101 to 23-111-518 (45 sections).
Acts 1957, No. 191, § 22; A.S.A. 1947, § 84-2837.
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.